ParaSpace

According to reports, the NFT lending agreement ParaSpace will charge a fee starting from May 1, 2023, including a 3% fee for APE pledge. This fee will be charged when Claim reward

According to reports, the NFT lending agreement ParaSpace will charge a fee starting from May 1, 2023, including a 3% fee for APE pledge. This fee will be charged when Claim reward

On April 8th, ParaSpace announced that it had airdropped ParaVault NFTs to the damaged users in the previous incident.
ParaSpace has airdropped ParaVault NFTs to users who were pre

On April 3, according to official Twitter, ParaSpace, the NFT lending agreement, announced the launch of an incentive plan in which users will receive rewards for their actions and

On March 25th, the NFT loan agreement ParaSpace tweeted that its agreement has been upgraded, and the enhanced security features of the withdrawal time lock have been fully impleme

On March 21, it was reported that the NFT lending agreement ParaSpace disclosed the progress of attack processing and will reopen the agreement in stages. BlockSec and 12 other security experts in the field have completed the review and testing of security patches. Currently, ParaSpace is undergoing security reviews and testing to enhance the security of withdrawal time locks. ParaSpace has launched its repayment function, and will resume its supply function later today. On Tuesday, it will resume its automatic compound interest and cAPE automatic repayment functions. On Wednesday, it…

On March 20th, the NFT loan agreement ParaSpace tweeted that the review and testing of the security patch has now been completed to ensure the security of user assets when restarting the agreement on the main network. The cash withdrawal time lock contract is being improved and will be reviewed and tested in the next few days. The ParaSpace team has decided to phase in the reopening of the agreement, giving priority to repayment, supply, liquidation, loans, withdrawals, and time lock enhancements. The team expects all platform features to be…

According to reports, ParaSpace announced on social media that the team has worked with the BlockSecTeam to determine the reasons for the earlier exploits of the ParaSpace protocol. Currently, all user funds and assets on ParaSpace are secure, without NFT being damaged, and the economic loss of the protocol is minimal. Due to the rapid action taken by the BlockSecTeam, the 2909 ETHs that the user attempted to extract from the agreement were promptly saved. Interpretation of this information: Recently, ParaSpace, a blockchain-based platform, made an announcement on its social…

According to reports from the Web3 network security company Ancilia, the root cause of the attack on the NFT lending protocol ParaSpace occurred in the scaledBalanceOf() function of the contract 0xddde38696fbe5d11497d72d8801f651642d62353, which is used to calculate the user’s collateral through the supply() function. However, manipulating the number of APE tokens in the function getPooledApeByShares() allows scaledBalanceOf() to return a large value. Users can own a large amount of collateral and use it to borrow more assets. Interpretation of this information: In recent news, Ancilia, a Web3 network security company, has…

On March 17th, the Web3 Knowledge Map Protocol 0xscope tweeted, saying, “The ParaSpace contract is not working properly: 1. Users can extract more APEs than they thought. 2. User debt calculation errors have led to 268 liquidations in progress.” 0xscope reminded, “Extracting your assets requires you to assume your own risk.” Interpretation of this information: The crypto community is buzzing about a recent tweet from Web3 Knowledge Map Protocol 0xscope, announcing that the ParaSpace contract is not functioning correctly. Through the tweet, 0xscope warns users that there are two potential…

According to reports, ParaSpace, the NFT lending agreement, officially stated that due to the team’s observation of suspicious transaction operations, the ParaSpace agreement has been suspended for security reasons, and users cannot conduct any transactions (withdrawals, deposits, and settlements). Interpretation of this information: Recently, ParaSpace, an NFT lending agreement, has been suspended for security reasons. The team of ParaSpace noticed suspicious transaction activities, which led to the suspension of user transactions, including withdrawals, deposits, and settlements. This announcement is essential for all investors who have been using the ParaSpace agreement…