PANews October 13 reported that Yuga Labs Blockchain Vice President Quit (@0xQuit) posted on X that Blur after the announcement that the frontend would be deprecated, its investigation found no vulnerabilities in the Blur existing contracts, but the Blur contracts are upgradeable and could be changed into malicious contracts at any time. Tens of millions in value remain USD of NFT approved for Blur contracts, and their security effectively depends on the operational security of the Blur team, which appears to be disbanding. He advised users with unrevoke approvals for Blur to immediately revoke them using tools such as revoke.cash. It was reported early this morning that the NFT market Blur will November 12 deprecate its frontend, and Blend will stop matching new loans.
Yuga Labs Blockchain Vice President Quit posted on X that the investigation found no vulnerabilities in the Blur existing contracts.
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Quit said that the Blur contracts are upgradeable and could be changed into malicious contracts at any time.
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Tens of millions in value remain USD of NFT approved for Blur contracts.
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Quit advised users with unrevoke approvals for Blur to immediately revoke them using tools such as revoke.cash.
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Blur will November 12 deprecate its frontend, and Blend will stop matching new loans.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
NFT Approvals allow the relevant contracts to operate users'NFT within a certain scope. The article states that Blur no vulnerabilities have yet been found in the existing contracts, but the contracts are upgradeable; therefore, Quit reminded users who still have approvals to proactively revoke them.
Why it matters to readers
If users retain approvals, contract upgrades or changes in operational security may affect NFT security; revoking approvals can reduce the potential risk of continuing to retain approvals.
Beginners should first confirm whether they have retained Blur approvals for NFT and then learn how to revoke them using tools such as revoke.cash.
Risks and unknowns
The article does not provide specific information on Blur contract upgrade permissions, administrator addresses, or permission changes.
The article states that the contracts could be changed into malicious contracts, but does not state that a malicious upgrade has already occurred.
The article does not state whether NFT has already been stolen or transferred abnormally.
“The team appears to be disbanding” is wording from the article; no further evidence is provided.
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Related concepts
NFT
Represents a non-fungible token for a unique digital asset and can be used to represent ownership of the digital asset.
