ParaSwap users who have revoked access to its flawed Augustus v6 smart contract are getting some of their funds back.
ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.on X on March 24, stating it has returned all assets to wallets that were successfully recovered by white hat hackers and have also revoked permissions to AugustusV6.usually involves disabling or terminating its functionality on a blockchain and preventing it from accessing the user’s wallet and tokens.
Last week, ParaSwap said it had discovered a vulnerability in a newly launched smart contract but timely intervention by white hat hackers prevented a large loss of assets from the platform., the team stated that it had taken the first step by submitting a comprehensive report to the appropriate authorities, kickstarting the investigation into the stolen funds.
If the hacker does not respond by March 27, “we will assume you appropriated the funds with unlawful intent, and we will pursue all criminal, legal, and administrative avenues,” to recover them, it At the time, the losses were reportedly small, with initial findings revealing that the hackers got away with just $24,000 before the vulnerability was discovered.in its newly launched Augustus v6 smart contract on March 20, only days after the Augustus contract went live on March 18 aiming to improve token swaps and reduce transfer fees.Bitcoin price clear for new record high as GBTC outflows drop to $170M‘Am I sorry? No’ — 3AC founder.
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