Summary

Centralization Risk for trusted owners

Vulnerability Details

Having a single EOA as the only owner of contracts is a large centralization risk
and a single point of failure. A single private key may be taken in a hack, or the
sole holder of the key may become unable to retrieve the key when necessary.

Also, the owners with privileged rights to perform admin tasks needs to be
trusted to not perform malicious updates or drain funds.

Instances (3):

Link to code - https://github.com/Cyfrin/2023-07-foundry-defi-stablecoin/tree/main/src/DecentralizedStableCoin.sol

Severity Justification

Marking this as medium as both the following medium criteria satisfy:

• Funds are indirectly at risk

• Disruption of protocol functionality or availability

Source: https://docs.codehawks.com/rewards-and-judging

Tools Used

Manual inspection

Recommendations

Consider changing to a multi-signature setup, or having a role-based authorization model.