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thirdweb 22

Security Audit

April 25th, 2025

Version 1.0.0

Presented by 0xMacro

Table of Contents

Introduction

This document includes the results of the security audit for thirdweb's smart contract code as found in the section titled ‘Source Code’. The security audit was performed by the Macro security team from April 7 to April 17, 2025.

The purpose of this audit is to review the source code of certain thirdweb Solidity contracts, and provide feedback on the design, architecture, and quality of the source code with an emphasis on validating the correctness and security of the software in its entirety.

Disclaimer: While Macro’s review is comprehensive and has surfaced some changes that should be made to the source code, this audit should not solely be relied upon for security, as no single audit is guaranteed to catch all possible bugs.

Overall Assessment

The following is an aggregation of issues found by the Macro Audit team:

Severity Count Acknowledged Won't Do Addressed
Medium 3 - - 3
Low 1 - - 1
Code Quality 4 2 - 2
Informational 1 - - -

thirdweb was quick to respond to these issues.

Specification

Our understanding of the specification was based on the following sources:

Source Code

The following source code was reviewed during the audit:

We audited the changes related to the following repositories.

contracts-pay-gateway repository:

Source Code SHA256
./src/UniversalBridgeProxy.sol

5b73d81c540dc7d4da1cf509a5876e8b5a83b2aecc18b3a9d59b7b17c0ce188f

./src/UniversalBridgeV1.sol

f4e7f67e89074e178584581d17864dfe8ecfc9da6484e298f61ddff27e2fbad1

contracts-modular-account repository:

Source Code SHA256
./src/7702/MinimalAccount.sol

66d526345d2fa2ab79219fc4bac09b750911ba0d674b1edf1cf5a0281f92b89c

./src/lib/SessionLib.sol

33054a8ef841130c934183669901e3aa6f195665b06652b9b59bbbd09cf86925

./src/paymaster/BasePaymasterV6.sol

1cb25bf8ef95ecee1da42813ed0262872027c671120f3264f643163f7df66fab

./src/paymaster/BasePaymasterV7.sol

c5839095952783ab78e6f5a956dfb9ff2006d4caedfd339a3808622479126833

./src/paymaster/VerifyingPaymasterV6.sol

e8ae55d92ef52c30eb7e721db949242e036035b87dd384f651f99dd4b048f233

./src/paymaster/VerifyingPaymasterV7.sol

9a93c71a3522e3ac23ac07136f3a581b875d1db6785b4481f6e3e5c433eb0a48

contracts-zksync repository:

Source Code SHA256
./contracts/SignatureBasedPaymaster.sol

d5f35e7ff90aff31daf857ad544191dbb6d2a2e5ad7d461c8bfe1b9a5f0cb0f8

Note: This document contains an audit solely of the Solidity contracts listed above. Specifically, the audit pertains only to the contracts themselves, and does not pertain to any other programs or scripts, including deployment scripts.

Issue Descriptions and Recommendations

Click on an issue to jump to it, or scroll down to see them all.

Security Level Reference

We quantify issues in three parts:

  1. The high/medium/low/spec-breaking impact of the issue:
    • How bad things can get (for a vulnerability)
    • The significance of an improvement (for a code quality issue)
    • The amount of gas saved (for a gas optimization)
  2. The high/medium/low likelihood of the issue:
    • How likely is the issue to occur (for a vulnerability)
  3. The overall critical/high/medium/low severity of the issue.

This third part – the severity level – is a summary of how much consideration the client should give to fixing the issue. We assign severity according to the table of guidelines below:

Severity Description
(C-x)
Critical

We recommend the client must fix the issue, no matter what, because not fixing would mean significant funds/assets WILL be lost.

(H-x)
High

We recommend the client must address the issue, no matter what, because not fixing would be very bad, or some funds/assets will be lost, or the code’s behavior is against the provided spec.

(M-x)
Medium

We recommend the client to seriously consider fixing the issue, as the implications of not fixing the issue are severe enough to impact the project significantly, albiet not in an existential manner.

(L-x)
Low

The risk is small, unlikely, or may not relevant to the project in a meaningful way.

Whether or not the project wants to develop a fix is up to the goals and needs of the project.

(Q-x)
Code Quality

The issue identified does not pose any obvious risk, but fixing could improve overall code quality, on-chain composability, developer ergonomics, or even certain aspects of protocol design.

(I-x)
Informational

Warnings and things to keep in mind when operating the protocol. No immediate action required.

(G-x)
Gas Optimizations

The presented optimization suggestion would save an amount of gas significant enough, in our opinion, to be worth the development cost of implementing it.

Issue Details

M-1

No processed verification for transaction ids

Topic
Data Consistency
Status
Impact
Spec Breaking
Likelihood
N/A

One of the key changes introduced to the previously audited PayGateway contract, now UniversalBridgeV1, was removing the signature-based scheme for the function initiateTransaction(). By removing this, the _verifyTransferStart() internal function no longer checks that the transactionId has not been processed.

-       // verify data
-       if (!_verifyTransferStart(req, signature)) {
-           revert PayGatewayVerificationFailed();
-       }

        // mark the pay request as processed
        PayGatewayModuleStorage.data().processed[req.transactionId] = true;

PayGatewayModule.sol#L198-L204

This allows the transactionId to be replayed or reused for different transaction payloads, breaking the uniqueness of transaction ids and corrupting the data consistency tracker identifier, potentially for multiple clients or apps that could use the universal bridge contract.

Remediations to Consider:

Consider validating that the transactionId has not been processed before setting it to true.

M-2

Valid signers can deny session changes

Topic
DoS
Status
Impact
High
Likelihood
Low

In MinimalAccount.sol, since the processed mapping is shared for both executeWithSig and createSessionWithSig, and the wrappedCalls.uid alongside the sessionSpec.uid are arbitrary inputs (different from the sessionUid calculated and stored when adding a session based on the session parameters). This allows any valid signer to deny a UID by executing a function within its allowed constraints.

Remediation to Consider:

Consider separating processed UID for session generation and signer execution.

M-3

No error verbosity for invalid calls

Topic
Errors
Status
Impact
Low
Likelihood
High

While executing the parameter validation for signers, the current MinimalAccount and SessionLib implementations loop through all wrapped calls and validate their constraints and limits with the corresponding session spec signer. However, the SessionLib logic does not reverts and returns false or true for invalid and valid checks, respectively.

Test test_revert_callPolicy_erc20Transfer_wrongSelector should revert in the selector check, but it reverts in the target address check.

calls[0].data = abi.encodeCall(MockERC20.mint, (address(0x1234), 100));

MinimalAccount.t.sol#L286

Test test_revert_callPolicy_erc20Transfer_crossTxLimit should revert in the limit checks, but it reverts in the target address check.

calls[0].data = abi.encodeCall(ERC20.transfer, (address(0x1234), wrongAmount));

MinimalAccount.t.sol#L331

Additionally, since all errors revert with InvalidSignature, debugging and troubleshooting will be difficult.

Remediations to Consider

Consider using custom errors for each validation step, as all calls must be valid within session constraints and limits to execute calls.

L-1

Session specs can be partially overridden

Topic
Errors
Status
Impact
Low
Likelihood
Low

In MinimalAccount, when creating a new session, the sessionUid is calculated using the signer address and the block.timestamp to map and store the proper session data, transfer, and call policies. This creates a unique identifier for the signer’s session. If the EOA owner changes the signers session later, the policies will change to the new session UID.

bytes32 sessionUid = keccak256(abi.encodePacked(sessionSpec.signer, block.timestamp));

_minimalAccountStorage().sessionIds[sessionSpec.signer] = sessionUid;
_minimalAccountStorage().allSigners.add(sessionSpec.signer);
_minimalAccountStorage().sessionExpiration[sessionUid] = sessionSpec.expiresAt;
_minimalAccountStorage().isWildcard[sessionUid] = sessionSpec.isWildcard;

for (uint256 i = 0; i < sessionSpec.callPolicies.length; i++) {
    _minimalAccountStorage().callPolicies[sessionUid].push(sessionSpec.callPolicies[i]);
    bytes32 targetHash = keccak256(
        abi.encodePacked(sessionSpec.callPolicies[i].target, sessionSpec.callPolicies[i].selector, sessionUid)
    );
    _minimalAccountStorage().targetCallPolicy[targetHash] = sessionSpec.callPolicies[i];

    if (sessionSpec.callPolicies[i].selector == bytes4(0x00000000)) {
        _minimalAccountStorage().anySelectorForTarget[sessionUid][sessionSpec.callPolicies[i].target] = true;
    }
}

for (uint256 i = 0; i < sessionSpec.transferPolicies.length; i++) {
    _minimalAccountStorage().transferPolicies[sessionUid].push(sessionSpec.transferPolicies[i]);
    bytes32 targetHash = keccak256(abi.encodePacked(sessionSpec.transferPolicies[i].target, sessionUid));
    _minimalAccountStorage().targetTransferPolicy[targetHash] = sessionSpec.transferPolicies[i];
}

MinimalAccount.sol#243-267

Although unlikely, if a user submits two session specs for the same signer in the same block, the sessionUid will be the same. This could override the session expiration parameter that might not be intended to be the same for these session specs.

Remediations to Consider:

Consider adding the session parameters to the sessionUid hash to replace the previous policies and avoid this edge case completely, or documenting this potential pitfall.

I-1

Developer fee is not capped to max bps

Topic
Trust Assumptions
Impact
Informational

The developer fee is currently passed to the initiateTransaction() function call as a dynamic parameter, and it’s charged on top of the amounts intended to be swapped or bridged. This parameter is not capped to any value, potentially being higher than the maximum BPS coefficient, charging more than the actual token amount. It’s up to developers and integrators to properly set this value.

Q-1

TransactionInitiated event may not emit the actual amount used for native transactions

Topic
Events
Status
Acknowledged
Quality Impact
Medium

In the UniversalBridgeV1 contract, for native token calls, initiateTransaction() could emit a token amount different from the one used for the forwardAddress call. The logic only ensures the sendValue is higher or equal to the tokenAmount properly as a sanity check, but the emitted event TransactionInitiated only logs the token amount, which may not be completely transparent. Consider emitting the msg.value to track all used parameters easily.

Q-2

No length check for calls array

Topic
Events
Status
Quality Impact
Medium

In the MinimalAccount contract, passing an empty array of calls in the wrappedCalls parameter, when calling the execute() call, will silently succeed and emit events without executing any calls, generating ambiguous logs. Consider adding a length check to ensure at least one call is provided.

Q-3

No view methods for wildcard signers

Topic
Data Availability
Status
Quality Impact
Low

Consider adding a view function to check whether a signer has wildcard permissions, enabling off-chain components to query signer status.

Q-4

Quality suggestions

Topic
Code Quality
Status
Acknowledged
Quality Impact
Low
  • In VerifyingPaymasterV7.sol the UserOperationLib is imported twice; consider removing the duplicated import.

    
    import {UserOperationLib} from "account-abstraction-v0.7/core/UserOperationLib.sol";
    import {UserOperationLib as UserOperationLibV07} from "account-abstraction-v0.7/core/UserOperationLib.sol"; 
    

    VerifyingPaymasterV7.sol#L6-7

  • Paymaster versions have an inconsistent encoding order for _userOp.callData and _userOp.initCode parameters, which are shared across both versions. Consider using the same order for both to keep it consistent.

Disclaimer

Macro makes no warranties, either express, implied, statutory, or otherwise, with respect to the services or deliverables provided in this report, and Macro specifically disclaims all implied warranties of merchantability, fitness for a particular purpose, noninfringement and those arising from a course of dealing, usage or trade with respect thereto, and all such warranties are hereby excluded to the fullest extent permitted by law.

Macro will not be liable for any lost profits, business, contracts, revenue, goodwill, production, anticipated savings, loss of data, or costs of procurement of substitute goods or services or for any claim or demand by any other party. In no event will Macro be liable for consequential, incidental, special, indirect, or exemplary damages arising out of this agreement or any work statement, however caused and (to the fullest extent permitted by law) under any theory of liability (including negligence), even if Macro has been advised of the possibility of such damages.

The scope of this report and review is limited to a review of only the code presented by the thirdweb team and only the source code Macro notes as being within the scope of Macro’s review within this report. This report does not include an audit of the deployment scripts used to deploy the Solidity contracts in the repository corresponding to this audit. Specifically, for the avoidance of doubt, this report does not constitute investment advice, is not intended to be relied upon as investment advice, is not an endorsement of this project or team, and it is not a guarantee as to the absolute security of the project. In this report you may through hypertext or other computer links, gain access to websites operated by persons other than Macro. Such hyperlinks are provided for your reference and convenience only, and are the exclusive responsibility of such websites’ owners. You agree that Macro is not responsible for the content or operation of such websites, and that Macro shall have no liability to your or any other person or entity for the use of third party websites. Macro assumes no responsibility for the use of third party software and shall have no liability whatsoever to any person or entity for the accuracy or completeness of any outcome generated by such software.