AvengerDAO: Weekly Security Analysis

Security Incidents

AvengerDAO is a community-led initiative dedicated to protecting users and projects on major public blockchains from malicious actors. As part of this effort, the blockchain security firm HashDit regularly releases security incident analysis reports.

HashDit's recent analysis highlights several security incidents, including smart contract exploits and rug pull scams. These events resulted in substantial losses. One NFT project suffered the largest rug pull, losing $680,000. A liquidity mining platform incurred $73,800 in losses due to a compiler vulnerability, while multiple projects experienced user fund losses from rug pulls.

Key Lessons from Security Incidents

Thorough analysis of these incidents offers crucial security insights. First, the compiler vulnerability case demonstrates the dangers of technical debt. Some platforms relied on outdated development tools containing reentrancy bugs, which allowed attackers to bypass security by exploiting contract call sequences. Developers must promptly update smart contract versions and remain vigilant against legacy code. Any project using obsolete compiler versions should upgrade immediately to avoid similar exploits.

Second, the rug pull analysis underscores how centralized project authority drives risk. In several affected projects, malicious actors attracted liquidity by incentivizing users to deposit funds in pools—making those assets targets for theft. Such projects typically grant excessive control to project teams, including large token holdings or the unchecked ability to mint new tokens, effectively creating backdoors in the contract.

Risk Warning Mechanisms

AvengerDAO regularly publishes comprehensive lists of risky projects and addresses on its security assessment platform, helping users identify high-risk blockchain applications. These resources provide essential details, including risk levels, descriptions, and other critical information.

Newly Identified High-Risk Addresses

AvengerDAO members provide tool interfaces for users to check contract security before interacting or to retrieve risk information about specific addresses—facilitating due diligence. For example, addresses like 0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e require special attention. These APIs offer comprehensive assessments for each address, and users should routinely utilize these tools when receiving token airdrops or interacting with prospective investment contracts.

This week's latest high-risk addresses are ranked by weekly active users (WAU). The top-risk address has a sizable WAU, reflecting significant user activity. High-risk status may result from smart contract vulnerabilities, malicious project team actions, or other security threats.

Latest Risk Remediation Measures

AvengerDAO is actively scanning projects with high total value locked (TVL). Several projects with TVL above $1 million have been identified with potential risks, some already resolved. Additionally, multiple projects exceeding $500,000 in TVL were flagged for potential vulnerabilities.

Most issues stem from misconfigured externally owned account (EOA) wallets. This finding highlights the need for project teams to strengthen their understanding of Web3 risk frameworks and adopt best practices for secure deployment. Excessive permission concentration in EOA wallets can create single points of failure. Teams should consider multi-signature wallets or distributed governance models.

Stay Safe – Do Your Own Research

Before joining any crypto project, users should conduct thorough due diligence (DYOR). Don't rely solely on social media channels and forums; search for risk assessments on security platforms. A robust DYOR process includes reviewing the project whitepaper, inspecting the codebase, engaging the community, and evaluating market potential.

Use reliable tools and sources for research—major market tracking platforms, public blockchain explorers, reputable news outlets, official project sites, and academic papers. Protecting investments from fraud is as crucial as spotting promising projects. Always exercise caution when in doubt.

About AvengerDAO

AvengerDAO is a community-driven initiative aimed at safeguarding users against vulnerabilities, fraud, and malicious actors on major public blockchains. The founding members launched the project to address the responsibilities that come with supporting large blockchain ecosystems. Its mission is to protect users from financial loss and malicious smart contracts.

By establishing industry standards for security practices and raising awareness, AvengerDAO promotes blockchain adoption. The initiative brings together leading security firms and community resources to form a unified defense for users.

Conclusion

AvengerDAO’s security report highlights ongoing challenges in the blockchain ecosystem. Risks span from technical compiler bugs to centralized governance and user information gaps—affecting all aspects of the industry. Users should prioritize independent research and leverage assessment tools for project evaluation, while project teams must follow Web3 security best practices to protect user assets. A secure, trustworthy blockchain environment requires collaboration among users, teams, and security providers.

FAQ

What is this Ethereum address? How can I view its balance and transaction history?

The address 0x11a1764c877837921eca6f3f58cdbe9bcd4e9e5e is an Ethereum address. To check its balance and transaction history, use Etherscan.io—enter the address in the search bar to see complete details on balances, transfers, and ERC-20 transactions.

How do I verify the authenticity and security of this address? Is it a contract address or a regular wallet?

Use blockchain explorers like Etherscan to check the address. You’ll see whether it’s a contract or a wallet. Always ensure your information comes from reliable, community-vetted sources.

What tokens or NFT assets are linked to this address? How can I interact with it?

This address holds various BEP-20 tokens and NFT assets. To interact, use a compatible wallet for direct management and asset access.