ParaSwap Confirms No Vulnerability Was Found

1 mins mins

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.

ParaSwap Confirms No Vulnerability Was Found 2

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.

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