The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by hacker attacks
The DEX aggregator ParaSwap community has voted in favor of a proposal to "use treasury funds to compensate users for losses caused by a hacker attack." The ParaSwap Augustus v6 contract was temporarily launched on March 18th, aiming to improve trading efficiency and reduce gas fees. However, the contract contained a serious vulnerability that allowed hackers to steal funds from approved-upgrade users. Although rollback measures were taken to avoid the loss of $3.4 million in assets, approximately $864,000 in assets were lost in the process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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