ParaSwap to Curb MEV Attacks With New Intent-Based Protocol
ParaSwap, a DEX aggregator, is introducing an intent-based trading protocol intended to address the issue of MEV assaults, which result in millions of dollars in daily losses on crypto transactions. MEV is an acronym that stands for the maximum extractable value. In this context, validators exploit their capacity to regulate the order, inclusion, and implementation […]
ParaSwap DAO to Compensate Hack Victims
Following a critical vulnerability on the ParaSwap AugustusV6 contract, ParaSwap’s DAO has decided to use treasury cash to repay hack victims. On April 4, the ParaSwap decentralized autonomous organization (DAO) proposed to use its treasury funds to reimburse the AugustusV6 contract vulnerability victims. Following a three-day voting period, 96.81% of ParaSwap voters approved the DAO’s […]
ParaSwap Returns Crypto After Smart Contract Exploit
Decentralized finance (DeFi) aggregator ParaSwap initiated cryptocurrency returns to users one week after patching a critical flaw in its AugustusV6 smart contract introduced just last week. On March 24, the DeFi platform’s team issued a statement on X confirming that all assets have been returned to wallets that white hat hackers retrieved. Additionally, the statement […]