SlowMist|May 15, 2026 09:56
🚨 Exploit Analysis | ShapeShift FOX Colony Authorization Trust Chain Flaw
SlowMist analyzed the recent ShapeShift FOX Colony exploit on Arbitrum, where attackers abused a semantic conflict between meta-transactions and DSAuth self-call authorization to hijack the resolver and drain all ERC20 assets via malicious delegatecall.
🔍 Key Takeaways:
• Arbitrary self-call in executeMetaTransaction()
• DSAuth auto-trust for address(this)
• Resolver hijacking through meta-tx
• Full asset drain via delegatecall
🌟This incident shows how individually “reasonable” designs can combine into a complete privilege bypass chain.
Developers should strictly restrict sensitive selectors in meta-transaction systems and avoid unconditional self-call authorization patterns.
Full analysis👇
https://medium.com/@slowmist/analysis-of-the-exploit-trust-chain-flaw-in-shapeshift-fox-colony-authorization-mechanism-b35a61865a80(SlowMist)
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