The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by hacking attacks
The DEX aggregator ParaSwap community has voted to adopt the proposal to use treasury funds to compensate users for losses caused by hacking attacks. The ParaSwap Augustus v6 contract was temporarily launched on March 18, aiming to improve transaction efficiency and reduce gas fees. However, the contract contained a critical vulnerability that allowed hackers to steal funds from users who approved the upgrade. While the rollback prevented $3.4 million in asset losses, approximately $864,000 in assets was 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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