Socat Security Advisory 1 states:
socat up to version 1.4.0.2 contains a syslog() based format string vulnerability. This issue was originally reported by CoKi on 19 Oct.2004 http://www.nosystem.com.ar/advisories/advisory-07.txt. Further investigation showed that this vulnerability could under some circumstances lead to local or remote execution of arbitrary code with the privileges of the socat process.
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If you have found a vulnerability in a FreeBSD port not listed in the database, please contact the FreeBSD Security Officer. Refer to "FreeBSD Security Information" for more information.