ParaSpace Almost Lost 2,900 ETH Because Of Hacker Attack
ParaSpace, an NFT Lending platform, has announced the suspension of operations owing to the detection of a suspicious transaction. According to the team, they are presently investigating and will offer an update as we get more information. Users have also been informed that the property left in the project is still protected. At the moment, no transactions, including withdrawals, deposits, or liquidations, are possible on ParaSpace.
Moreover, the audit company BlockSec stated that it had discovered an assault on the ParaSpace platform, therefore shielding around 2,900 ETH (almost $5 million) from hackers, and a large number of BAYC holders avoided losses. Currently, ParaSpace has only been in operation for two months. Without issuing token incentives, it attracted the second-highest TVL on the same track. Compared to other NFT loans, its products are more suited to the habits of old DeFi players, and products are full of small details for the benefit of users. Despite having just recently launched its mainnet version.
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