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Ethereum: Security issues in latest Safe_L2 v1.4 update
Ethereum, the second largest cryptocurrency by market cap, has recently released an update to its Safe_L2 (Safe Layer) version 1.4. While this update appears to be a general security fix and performance improvement, it has raised concerns among users about the compatibility of Safe_L2 v1.4 with certain third-party applications.
In particular, it has been reported that some Safe App and Safe SDK-based applications that use the Multisigs protocol for secure transaction management are now experiencing issues after migrating to Base, Ethereum’s testnet environment.
According to an article published on [Your Platform/Source], users who have deployed their multisig accounts using Safe Proxy Factory v1.3 + SafeL2 v1.4 have found that these deployments have now been marked as “unsupported” by Safe App and Safe SDK. .
This is concerning, as Multisigs provides users with a robust and secure way to manage their digital assets on Ethereum. By supporting multiple wallets, addresses, and private keys in a single interface, Multisigs enables seamless and efficient management of large transactions.
The issue with Safe_L2 v1.4 is not immediately apparent from the provided article, but it does suggest that there may be underlying compatibility issues between this version and certain third-party applications. It is important for users to exercise caution when deploying multisig accounts and to thoroughly review the requirements and recommendations of any applications they use.
For those interested in migrating to Base or looking for alternative solutions, it is important to carefully evaluate the security and compatibility implications before making the change. In this case, it may be advisable to look for alternative multisig solutions that better meet 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 important that users exercise caution when deploying multisig accounts and thoroughly review the requirements and recommendations of any applications they use. As with any major update, it is recommended to carefully evaluate the implications before making the change.
Update
At the time of writing, we have been informed that Safe App and Safe SDK no longer support Safe Proxy Factory v1.3. This version has been deprecated due to compatibility issues with certain applications, such as Multisigs. Users considering migrating to Base or exploring alternative solutions should carefully evaluate their options and consider consulting a trusted network administrator or security expert before making any changes.
Disclaimer
The information provided in this article is for informational purposes only and should not be construed as investment advice or a recommendation. It is essential to conduct thorough research and consult with experts before making any decisions regarding Ethereum, Safe_L2 v1.4, or Multisigs.