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ParaSwap addresses smart contract bug and returns cryptocurrencies
ParaSwap has begun returning cryptocurrency assets to users who revoked access permissions to the AugustusV6 smart contract following the discovery of a critical bug last week.
Cryptocurrency return after vulnerability fix
This decentralized financial services aggregator recently dealt with a serious security issue in its newly introduced Augustus version 6 smart contract, after which the refund process commenced. According to a statement released on March 24, the majority of assets have been returned thanks to the efforts of white hat hackers who assisted with the recovery, and all permissions to AugustusV6 have been revoked.
ParaSwap noted that 213 addresses have yet to revoke permissions to this faulty contract.
Asset security and protection
ParaSwap informed about the vulnerability in its new contract, and quick intervention by cybersecurity experts prevented major losses. A subsequent statement mentioned that a detailed report has been filed to relevant institutions, initiating an investigation into the situation.
The company is working with analytics and security firms Chainalysis and TRM Labs to identify attackers and track stolen assets.
Active communication and call for return
The ParaSwap team is actively communicating with hackers and urging them to return stolen assets, with a threat of legal action if there is no response by March 27.
Although losses were deemed minimal, with a stolen amount of only $24,000, the vulnerability disclosure underscored swift reaction and preventive measures by the platform.
Prevention and improvements post-disclosure
Following the vulnerability discovery on March 20, shortly after the launch of the new contract on March 18 aimed at optimizing token swaps and reducing transaction fees, ParaSwap immediately responded by suspending its API and securing assets with the help of white hat hackers.
#ParaSwap #bug #crypto Â
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Cryptocurrency return after vulnerability fix
This decentralized financial services aggregator recently dealt with a serious security issue in its newly introduced Augustus version 6 smart contract, after which the refund process commenced. According to a statement released on March 24, the majority of assets have been returned thanks to the efforts of white hat hackers who assisted with the recovery, and all permissions to AugustusV6 have been revoked.
ParaSwap noted that 213 addresses have yet to revoke permissions to this faulty contract.
Asset security and protection
ParaSwap informed about the vulnerability in its new contract, and quick intervention by cybersecurity experts prevented major losses. A subsequent statement mentioned that a detailed report has been filed to relevant institutions, initiating an investigation into the situation.
The company is working with analytics and security firms Chainalysis and TRM Labs to identify attackers and track stolen assets.
Active communication and call for return
The ParaSwap team is actively communicating with hackers and urging them to return stolen assets, with a threat of legal action if there is no response by March 27.
Although losses were deemed minimal, with a stolen amount of only $24,000, the vulnerability disclosure underscored swift reaction and preventive measures by the platform.
Prevention and improvements post-disclosure
Following the vulnerability discovery on March 20, shortly after the launch of the new contract on March 18 aimed at optimizing token swaps and reducing transaction fees, ParaSwap immediately responded by suspending its API and securing assets with the help of white hat hackers.
#ParaSwap #bug #crypto Â
Â
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
i cant reset my account. i cant use my wallet BUT this bug is...if i ramble that screen i can go in my wallet. haha #Write2Earn
#binance #BugBountyProgram #bug #bugalert
#binance #BugBountyProgram #bug #bugalert
via KevinSeqniki on X
On #avalanche blockchain outage
..the issue seems to be with a #bug introduced in a release in January, which makes nodes overgossip transactions, causing a spike in CPU. This makes nodes unresponsive, halting consensus queries. A patch is being released. $AVAX #AVAX
On #avalanche blockchain outage
..the issue seems to be with a #bug introduced in a release in January, which makes nodes overgossip transactions, causing a spike in CPU. This makes nodes unresponsive, halting consensus queries. A patch is being released. $AVAX #AVAX
hi guys can you help I can't trade because this i have no open orders I have enough funds whenever I try to trade using reduce sl it always says that pleasee help binance #BinanceSquare @#bug
Billion-Dollar Bankâs ATM Glitch Triggers Mad Rush for Cash As Machine Spits Out Double the Requested Amount
A London-based NatWest bank ATM caused a commotion as customers hurried
to withdraw cash due to a malfunction. The machine dispensed double the
requested amount, prompting people to line up for the unexpected
windfall. A NatWest representative attributed the glitch to a one-off
manual error, which has since been rectified. It's uncertain if those
who received extra cash will keep it, raising the possibility of legal
action by the bank under the Theft Act 1968. This incident follows a
previous glitch in September when NatWest customers reported missing
deposits, swiftly resolved by the bank. NatWest, one of the UK's largest
banks, has 960 branches and 3,400 ATMs nationwide.
#bug #atm #BTCæ莧 #Bitcoin2024
A London-based NatWest bank ATM caused a commotion as customers hurried
to withdraw cash due to a malfunction. The machine dispensed double the
requested amount, prompting people to line up for the unexpected
windfall. A NatWest representative attributed the glitch to a one-off
manual error, which has since been rectified. It's uncertain if those
who received extra cash will keep it, raising the possibility of legal
action by the bank under the Theft Act 1968. This incident follows a
previous glitch in September when NatWest customers reported missing
deposits, swiftly resolved by the bank. NatWest, one of the UK's largest
banks, has 960 branches and 3,400 ATMs nationwide.
#bug #atm #BTCæ莧 #Bitcoin2024
âą Microsoft discovers North Korean hackers exploiting Chrome vulnerability
đ Affiliated with Citrine Sleet
âą đȘ Unknown bug allowed crypto theft, targeting financial services
âą đ° AppleJeus malware seized control of victims' assets
âą â Google patched the issue on August 21
Makes you wonder how long they were secretly stealing before getting caught đŹ
#Microsoft #Google #Chrome #cryptotheft #bug
đ Affiliated with Citrine Sleet
âą đȘ Unknown bug allowed crypto theft, targeting financial services
âą đ° AppleJeus malware seized control of victims' assets
âą â Google patched the issue on August 21
Makes you wonder how long they were secretly stealing before getting caught đŹ
#Microsoft #Google #Chrome #cryptotheft #bug
(@EowynChen )
We found a #bug on the #BNBBeaconChain to #BSC migration tool on #trustwallet Web Extension. To fix the bug, we temporarily disabled the BNB beacon chain broadcasting which also affect mobile apps for 10 mins.
Please donât interact on chain with BNB Beacon Chain during the 10 mins to avoid any potential fund loss, include send/receive/stake. We will remove the warning banner in app for BNB beacon chain token when itâs resumed.
Sorry for the inconvenience!
We found a #bug on the #BNBBeaconChain to #BSC migration tool on #trustwallet Web Extension. To fix the bug, we temporarily disabled the BNB beacon chain broadcasting which also affect mobile apps for 10 mins.
Please donât interact on chain with BNB Beacon Chain during the 10 mins to avoid any potential fund loss, include send/receive/stake. We will remove the warning banner in app for BNB beacon chain token when itâs resumed.
Sorry for the inconvenience!