The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by hacker attacks
2024-04-08 08:53:47
The DEX aggregator ParaSwap community has voted to approve a proposal to use treasury funds to compensate users for losses caused by hacker attacks. The ParaSwap August v6 contract was temporarily launched on March 18th with the aim of improving trading efficiency and reducing Gas fees. However, the contract contains a serious loophole that allows hackers to steal funds from users who have approved the upgrade. Although rollback measures were taken to avoid $3.4 million in asset losses, approximately $864000 in assets were lost during the process.
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