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Ethereum: Security Issues with Latest Safe_L2 v1.4 Update
Ethereum, the second largest cryptocurrency by market cap, recently released a Safe_L2 (secure layer) version 1.4 update. While the update appears to be a general security fix and performance improvement, it has raised concerns among users regarding Safe_L2 v1.4 compatibility with certain third-party applications.
Specifically, it has been reported that some secure apps and secure SDK-based applications that use the Multisigs protocol for secure transaction management are experiencing issues when migrating to Base, the Ethereum testnet environment.
According to the article [Your Platform/Source], users who have deployed their multisig accounts using Safe Proxy Factory v1.3 + SafeL2 v1.4 have noticed that these deployments are now marked as “Unsupported” in Safe App and Safe SDK. .
This is concerning because Multisigs provides a reliable and secure way for users to manage their digital assets on Ethereum. By supporting multiple wallets, addresses, and private keys in a single interface, Multisigs allows for seamless and efficient management of large-scale transactions.
The issue with Safe_L2 v1.4 is not immediately apparent in the article, but it does indicate that there may be some compatibility issues with this version and certain third-party applications. It is essential that users exercise caution when deploying their multisig accounts and carefully review the requirements and recommendations of any application they plan to use.
For those interested in migrating to the base or looking for alternative solutions, it is essential to carefully evaluate the security and compatibility implications before making any changes. In such cases, it may be advisable to explore alternative multisig solutions that better suit individual needs and preferences.
Conclusion
The latest Safe_L2 v1.4 update has raised concerns among users regarding compatibility with certain third-party applications. It is essential that users exercise caution when deploying their multisig accounts and carefully review the requirements and recommendations of any application they plan to use. As with any significant update, it is recommended that you carefully consider the implications before making any changes.
Update
At the time of writing, we were informed that Safe Proxy Factory v1.3 no longer supports the secure application and secure SDK. This version is no longer supported due to compatibility issues with certain applications, including Multisigs. Users planning to migrate to the base or explore alternative solutions should carefully evaluate their options and consult with a trusted network administrator or security expert before making any changes.
Disclaimer
The information in this article is for informational purposes only and should not be construed as investment advice or investment recommendations. It is essential to conduct thorough research and consult with experts before making any decisions regarding Ethereum, Safe_L2 v1.4, or Multisigs.
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