Project

Root Cause:
The ProxyAdmin ownership is assigned to msg.sender (the deployer) in the MembershipFactory contract, which could be a single externally owned account (EOA).

Impact:

• Centralization Risk: If the deployer's private key is compromised, an attacker gains control over the ProxyAdmin, allowing them to upgrade proxy contracts to malicious implementations.

• Single Point of Failure: The security of the entire system hinges on the deployer's private key security.

Recommendation:

• Transfer ownership of the ProxyAdmin to a multisig wallet or a DAO governance contract.

• Implement role-based access controls with multiple administrators to distribute permissions.

• Regularly audit and monitor administrative roles and ownership structures.

Conclusion:
The identified vulnerabilities stem from improper implementations and inadequate security measures. Addressing these issues is crucial to ensure the safety and reliability of the contracts. It is recommended to perform a comprehensive security audit and apply best practices in smart contract development.