ParaSpace Contract

On March 17th, the Web3 Knowledge Map Protocol 0xscope tweeted that hackers deployed a contract to attempt to attack the ParaSpace contract but failed due to a gas estimation error. After that, Blocksec finds the contract and copies it to stop. The hacker thought Blocksec was also a hacker and asked if he could retrieve his 0.71 ETH gas. 0xscope: The ParaSpace hacker failed the attack due to a gas estimation error and claimed 0.71 ETH Gas fees from Blocksec Analysis based on this information:On March 17th, an incident regarding the ParaSpace contract occurred on the Web3 Knowledge Map Protocol. Hackers attempted to attack the contract by deploying a contract, but their plan failed due to a gas estimation error. The attack was discovered by Blocksec, who copied the contract to stop the hackers. Blocksec, a team of cybersecurity experts, is dedicated to securing blockchain technology and protecting it from malicious attacks. Once they discovered the attack on the ParaSpace…

On March 17th, the Web3 Knowledge Map Protocol 0xscope tweeted, saying, “The ParaSpace contract is not working properly: 1. Users can extract more APEs than they thought. 2. User debt calculation errors have led to 268 liquidations in progress.” 0xscope reminded, “Extracting your assets requires you to assume your own risk.” The contract failed before the ParaSpace protocol was suspended, allowing users to overdraw APE and causing a large number of incorrect clearing Analysis based on this information:The recent tweet by the Web3 Knowledge Map Protocol 0xscope brings attention to some serious issues related to the ParaSpace contract. According to the tweet, users may extract more APEs than they intended, and calculation errors could lead to liquidations. It is important for users to understand the risks associated with asset extraction and the need to assume their own risk. Overall, the tweet highlights the need for better monitoring and risk management strategies in the world of blockchain technology. In this context,…