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ParaSwap, a decentralized finance aggregator, has initiated the process of returning cryptocurrencies to its users following the resolution of a critical vulnerability detected in its recently deployed Augustus v6 smart contract. The platform’s team announced on March 24th that assets have been restored to wallets identified by white hat hackers and permissions to AugustusV6 have been revoked.

 

 

 

As of now, ParaSwap reports that 213 addresses have yet to revoke allowances to the compromised contract. Revocation typically involves disabling the contract’s functionality on the blockchain, safeguarding users’ wallets and tokens from unauthorized access.

 

 

 

Last week, ParaSwap disclosed the existence of a vulnerability in its newly launched smart contract, with timely intervention from white hat hackers mitigating potential significant asset losses from the platform.

 

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