AvengerDAO Weekly Security Report

AvengerDAO is a community-driven initiative focused on safeguarding users and projects on the BNB Chain blockchain from malicious actors and threats. The organization regularly publishes lists of high-risk projects and addresses, helping Web3 users navigate decentralized applications (dApps) on BNB Chain safely and securely.

Security Incidents

Significant security incidents were reported during recent monitoring periods. HashDit, a leading blockchain security firm and active AvengerDAO member, analyzed cases categorized as attacks with varying severity.

The Multichain protocol incurred substantial losses following a breach of its cryptographic MPC (Secure Multiparty Computation) mechanism. WGPT protocol was hit by a reserve manipulation attack, while LUSD suffered from a similar vector attack.

Weekly loss analyses reveal a persistent threat to the ecosystem, with financial losses remaining steady—underscoring the need for ongoing vigilance.

Lessons Learned

Reserve manipulation attack reviews exposed a critical vulnerability in smart contract architecture. The root cause lies in Staking contracts, which contain flaws relying on instantaneous Liquidity Pool prices without proper safeguards. This enables attackers to leverage temporary price spikes or flash loans to manipulate reserves and extract illicit profits.

To mitigate such attacks, teams should use analysis tools like Risk Scanner to identify vulnerabilities in contracts and implement robust protective measures.

Red Alarm Weekly Highlights

The AvengerDAO weekly report delivers an in-depth review of high-risk projects threatening BNB Chain investors and users, including addresses such as 0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e.

Newly Detected High-Risk dApp Projects

During the monitoring period, several new high-risk dApp projects emerged, spanning different categories of threats. Some were flagged as potential Ponzi schemes, luring investors with false promises of exceptionally high returns. Others were identified as phishing apps using fraudulent web pages to steal users’ private keys.

Certain projects contained potential backdoors in smart contract code, enabling intentional circumvention of security mechanisms. Projects with unverified contracts also surfaced, making it difficult for users and analysts to audit code and perform due diligence.

Other risks reported include excessive fees for buying, selling, staking, or withdrawing tokens; lack of documentation and technical papers; malfunctioning websites or platforms; and teams operating anonymously.

Latest Risk Remediation - TVL >1M$ Projects

AvengerDAO actively scans projects with total value locked (TVL) exceeding $1 million. The analysis uncovered projects with potential risks, most commonly due to insufficient multi-signature wallet (multi-sig wallets) configurations. AvengerDAO urges teams to review the Web3 Risk Framework for best security practices.

Stay Safe - DYOR (Do Your Own Research)

AvengerDAO strongly advises users to act with caution when engaging with projects and addresses marked as high-risk in these reports. The organization has updated its comprehensive Web3 Risk Framework, the result of collective efforts to promote security best practices across Web3.

The Risk Framework features several core components: Business Continuity, outlining essential elements for uninterrupted operations; Crypto Wallet, offering a thorough checklist for secure crypto wallet management; Decentralized Finance, detailing secure DeFi development practices; Smart Contract, highlighting critical elements for secure Solidity contract development; and Project Management, presenting best practices for managing Web3 projects.

All BNB Chain projects should conduct self-assessments using the recommended best practices and checklists to minimize potential risks. HashDit stresses the importance of spotting rug-pulls and urges all Web3 users to do their own research (DYOR), keep building (BUIDL), and—above all—stay safe (SAFU).

About AvengerDAO

AvengerDAO is a community-governed initiative dedicated to protecting users against exploits, fraud, and malicious activity on the BNB Chain blockchain. The founders launched AvengerDAO recognizing BNB Chain’s status as the largest open network, and that growing communities require greater accountability toward users.

AvengerDAO’s core mission is to shield users from financial losses and malicious contracts, deter attackers, and educate BNB Chain users about emerging threats. The organization aims to drive ecosystem adoption by setting industry security standards and raising awareness around Web3 safety.

Conclusion

AvengerDAO’s reports underscore the critical need for constant security monitoring and analysis in the BNB Chain ecosystem. With ongoing identification of new scams and risky addresses, such as 0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e, it’s clear that user protection requires a multi-faceted approach—including incident analysis, high-risk project detection, and user education. AvengerDAO continues to play a vital role in building trust and security on BNB Chain by providing tools and risk frameworks that empower projects and users to make informed decisions. Web3 users should always DYOR, BUIDL, and stay SAFU when interacting with decentralized applications.

FAQ

What is this Ethereum address, and how do I check its transaction history and balance?

0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e is an Ethereum address. To view its balance and transaction history, use any blockchain explorer. Simply enter the address in the search field to access detailed information about all transactions and current balances.

How can I interact with this Ethereum address? Is it possible to send tokens or funds to it?

Use your Ethereum wallet to send tokens or funds to this address. Enter the recipient address, specify the amount, set the gas fee, and confirm the transaction on the blockchain.

Who owns this address—is it a smart contract address or a standard wallet?

This is a smart contract address, not a standard wallet. Smart contracts are deployed on the blockchain and have unique addresses.

How can I retrieve detailed information and transaction history for this address using an Ethereum blockchain explorer?

Enter 0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e into the search bar of any Ethereum blockchain explorer. You’ll find the complete transaction history, balance, token holdings, and details of the address’s activity.