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Please ELI5. I thought contracts were fixed but they're going to deploy a "new" contract reverting back the owners? Contracts can change at any time?
by mmgutz 9y ago
Please ELI5. I thought contracts were fixed but they're going to deploy a "new" contract reverting back the owners? Contracts can change at any time?
- jeeceebees 9y agoThe exploit allowed anyone to reinitialize a multisig contract with themselves as an owner because the constructor was a public function. These contracts weren't "fixed" like they were supposed to be. The white hats will deploy a new contract without the faulty constructor with the old owners reinstated. These newly deployed contracts will have all the same information the old ones did but won't be exploitable.