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NFT Smart Contracts & the Hidden Threat of Rug Pulls
In this episode of The Crypto White Papers, we investigate one of the most pressing issues in the NFT ecosystem—rug pulls—through the lens of a large-scale security analysis covering nearly 50,000 NFT smart contracts. This deep dive into the paper “Exposing Hidden Backdoors in NFT Smart Contracts” unearths the systemic risks baked into the code of many Web3 projects.
🔍 What we cover:
How malicious smart contract patterns like selfdestruct, delegatecall, and hidden minting rights are used to scam users
The difference between hard and soft rug pulls, and why code obfuscation is the real villain
A new risk scoring model for NFTs using Slither static analysis
Why even “verified” contracts may be booby-trapped
Actionable takeaways for users, developers, and auditors
This is essential listening for anyone collecting, building, or investing in NFTs.
#NFTs #SmartContracts #RugPulls #Web3Security #BlockchainAuditing #CryptoScams #EthereumSecurity #Slither #DeFiSecurity #CryptoPodcast
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By Mr. CryptoIn this episode of The Crypto White Papers, we investigate one of the most pressing issues in the NFT ecosystem—rug pulls—through the lens of a large-scale security analysis covering nearly 50,000 NFT smart contracts. This deep dive into the paper “Exposing Hidden Backdoors in NFT Smart Contracts” unearths the systemic risks baked into the code of many Web3 projects.
🔍 What we cover:
How malicious smart contract patterns like selfdestruct, delegatecall, and hidden minting rights are used to scam users
The difference between hard and soft rug pulls, and why code obfuscation is the real villain
A new risk scoring model for NFTs using Slither static analysis
Why even “verified” contracts may be booby-trapped
Actionable takeaways for users, developers, and auditors
This is essential listening for anyone collecting, building, or investing in NFTs.
#NFTs #SmartContracts #RugPulls #Web3Security #BlockchainAuditing #CryptoScams #EthereumSecurity #Slither #DeFiSecurity #CryptoPodcast