Cyvers Alerts: ParaSwap was attacked, resulting in a total loss of $123,500

ChainCatcher news reports that, according to Cyvers Alerts monitoring, the attack on ParaSwap has resulted in a total loss of $123,500 on the Ethereum, Polygon, and Arbitrum chains.

Earlier today, the DEX aggregator ParaSwap posted on the X platform stating that it had discovered a critical vulnerability affecting users authorized on the Augustus V6 contract. ParaSwap has suspended the V6 API and is conducting a white hat attack to ensure the safety of user funds. These funds are now securely held in a Safe wallet starting with 0x66E90 and will soon be returned to users.

In addition, Cosine stated that the ParaSwap risk fund has been rescued by white hats, resulting in minimal losses.