Jul 2025 - ERC1967Proxy Upgrade 0x03b79c24 Function Access Control - $286k (Global)
#0x54cd_ERC1967Proxy is the nickname given to a smart contract on the Ethereum blockchain by TenArmor. The smart contract was originally launched on January 12th, 2025.
Unfortunately, the #0x54cd_ERC1967Proxy smart contract appears to have lacked proper access controls.
"It appears that the 0x03b79c24() function lacks proper access control after an contract upgrade, resulting in the funds in the contract being drained"
Attack Transaction: 0xa57ec56af91ec70517ca71ca50101958d9c2ec9fdb61edcf35a9081c375725c2
TenArmor reported the loss amount as $285.7k.
The attack was reported by TenArmor. There is no indication of which entity is behind the smart contract.
A basic analysis was performed by TenArmor.
There is no indication of who is behind the project or any efforts they have taken to recover the funds.
It is unclear if anything further is being investigated or responded to.
Further Analysis
#0x54cd_ERC1967Proxy is a nickname assigned by TenArmor to a smart contract launched on the Ethereum blockchain on January 12, 2025. The contract suffered a significant vulnerability due to missing access controls, particularly in the 0x03b79c24() function after an upgrade, which allowed an attacker to drain approximately $285.7K. TenArmor detected and reported the incident, providing the attack transaction hash. Unfortunately there does not appear to be any public information about the project's operators, any recovery efforts, or ongoing investigations.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Peapods Finance aspLONGsUSDe Price Manipulation Attack > > < < Synthetix Twitter/X Hacked Many Wallets Phished Drained
Sources/Further Reading
TenArmorAlert - "Our system has detected a suspicious attack involving a contract #0x54cd_ERC1967Proxy on #ETH, resulting in an approximately loss of $285.7K." - Twitter/X (Dec 31)
Suspicious Transaction - Etherscan (Dec 31)
Exploiter Ethereum Wallet - Etherscan (Dec 31)
The ERC1967Proxy Smart Contract - Etherscan (Dec 31)
The ERC1967Proxy Smart Contract Creation - Etherscan (Dec 31)
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