Supremacy Inc., a blockchain security firm, has tweeted that DeFi aggregator ParaSwap may have been infiltrated, resulting in cash stolen from numerous chains. The exploit might be the consequence of a profanity flaw.

On October 11, ParaSwap denied any vulnerability and stated that a more detailed explanation would be provided later.

The team did provide an update, stating that they were looking into the problem but that the address had no power following the deployment.

According to Supremacy, the deployer’s address is linked to many multi-sign wallets. It advised the aggregator to verify that no further multi-sign addresses are produced by profanity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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ParaSwap

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

DeFi

ParaSwap Confirms No Vulnerability Was Found

Supremacy Inc., a blockchain security firm, has tweeted that DeFi aggregator ParaSwap may have been infiltrated, resulting in cash stolen from numerous chains. The exploit might be the consequence of a profanity flaw.

On October 11, ParaSwap denied any vulnerability and stated that a more detailed explanation would be provided later.

✅ No vulnerability found! Please check the facts & Don't Trust, Verify!

We’ll follow up with analysis & an explanation of what’s a deployer address and how we made sure they have no power at all! https://t.co/uQKVncMZof

— ParaSwap (@paraswap) October 11, 2022

The team did provide an update, stating that they were looking into the problem but that the address had no power following the deployment.

1/ Hi @paraswap ,I heard that you want to see this? your deployer address private key may have been compromised (possibly due to Profanity vulnerability) and funds have been stolen on multiple chains.https://t.co/ijHaTwAj0l

— Supremacy (@SupremacyHQ) October 11, 2022

According to Supremacy, the deployer’s address is linked to many multi-sign wallets. It advised the aggregator to verify that no further multi-sign addresses are produced by profanity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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