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The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by hacker attacks

The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by hacker attacks

CointimeCointime2024/04/08 09:00
By:Cointime

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.

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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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