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

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 sec

On March 19th, the NFT lending agreement ParaSpace announced that the funds had been recovered from BlockSec and was rebalancing the fund pool on the platform. At the same time, efforts were being made to repair the cAPE exchange so that it could recover to a 1:1 ratio to APE. Once the phased reopening of the protocol begins, things like the front-end will be fixed and display correct and accurate data. ParaSpace: Funds have been recovered from BlockSec and efforts are being made to restore cAPE and APE 1:1 anchoring Analysis based on this information:ParaSpace, an NFT lending platform, has finally recovered funds from BlockSec, an incident that led to the redirection of funds from their pool. This announcement was made on March 19th, marking a big and timely milestone for the company. With the funds recaptured, ParaSpace is currently rebalancing its fund pool, a process that is expected to take some time. The company is ensuring that they take…

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. ParaSpace: User assets are secure and there is no NFT damage. Currently, we are working to fix the vulnerability Analysis based on this information:ParaSpace, a blockchain protocol that enables the seamless transfer of ERC-20 and ERC-721 tokens, recently made it known that it had partnered with BlockSecTeam to unravel the causes of earlier exploits on its platform. In a statement released on their social media pages, ParaSpace confirmed that thanks to the prompt response of the BlockSecTeam, all user funds and assets on its platform…

On March 17th, BlockSec tweeted that it had blocked an attack on the NFT lending agreement ParaSpace, saving 2900 ETH assets, and hoped that ParaSpace would contact it as soon as possible. BlockSec: Blocked an attack on ParaSpace and saved 2900 ETH assets Analysis based on this information:On March 17th, BlockSec, a company specializing in blockchain security, tweeted that it had successfully blocked an attack on ParaSpace, a lending platform for non-fungible tokens (NFTs). The company was able to save 2900 ETH assets, and asked that ParaSpace contact them as soon as possible. This message indicates the importance of blockchain security, particularly in the realm of NFTs. NFTs have gained significant attention recently as a means of digital ownership and asset transfer. However, just like any other type of digital asset, NFTs are vulnerable to security threats such as hacking and theft. ParaSpace, as a platform that facilitates NFT lending, would have a significant amount of valuable assets that could…

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). ParaSpace: For security reasons, currently users cannot perform any transactions Analysis based on this information:ParaSpace has officially announced the suspension of their NFT lending agreement due to the observation of suspicious transaction operations in their platform. Users are no longer able to conduct any transactions such as deposits, withdrawals, or settlements until further notice. The suspension comes as a precautionary measure to protect the security of the platform and its users. The NFT lending space has been gaining popularity recently, with platforms like ParaSpace offering lending options for NFT owners. This allows NFT owners to use their digital assets as collateral to obtain loans. However, the new and unregulated nature of the industry also makes it vulnerable to fraud or hacking…