🚨 Community Alert
Blockaid's exploit detection system has detected a $1.1 m exploit on @foomclub_ protocol on Base and Ethereum.
The root cause is a cryptographic issue in the ZK verifier. More details in 🧵

Root Cause:
Broken Groth16 Trusted Setup (delta == gamma == G2 generator)
The victim contract (0xdb203504) is a lottery/gambling contract that uses ZK proofs (Groth16) for withdrawals.
The ZK verifier contract at 0x02c30d32 has a fatal cryptographic flaw- the verification key's delta and gamma parameters are identical - both set to the BN254 G2 generator point.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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