Sparkn

Summary

Single Point of Failure Due to Centralized Ownership Control

Vulnerability Details

The protocol has designated specific functions, such as distributeByOwner, that can only be called by the designated owner. While this centralization of authority is acknowledged as an inherent risk, it presents a distinct vulnerability. If the owner's private keys are lost or compromised, it could potentially incapacitate critical functions of the protocol.

Impact

Loss of Access to Critical Functions: If the owner loses access to their private keys, the protocol will lose the ability to execute key functions, which could inhibit its core operational capabilities.

Unauthorized Control: If an attacker manages to gain access to the owner's private keys, they could manipulate the system's operations, including manipulating the distribution process through distributeByOwner.

Tools Used

review manual

Recommendations

Implement a Multisig Wallet: Instead of having a single owner, consider implementing a multisig (multi-signature) wallet. This would require multiple designated individuals to sign off on transactions, reducing the risks associated with a single point of failure and increasing the public trust in the protocol.