🚨Please revoke the permissions of the AUGUSTUS V6 contract using a service like @RevokeCash asap: 0x00000000FdAC7708D0D360BDDc1bc7d097F47439 https://t.co/i8u8qQmzGF
1/ ERC-20 approve() idiocy strikes at ParaSwap Revoke again, just make sure you are not scam revoking https://t.co/hcHW470W9J
ParaSwap, a middleware for traders and decentralized applications, has discovered a critical vulnerability in its Augustus V6 contract. By the time the vulnerability was discovered and @paraswap paused the V6 API, four of the users (who had approved the vulnerable contract) had… https://t.co/tSnhzeIiBJ
ParaSwap, a middleware for traders and decentralized applications, has identified a critical vulnerability in its Augustus V6 contract. The issue came to light after the platform discovered the flaw, prompting immediate action by pausing the V6 API and conducting a 'white hack' to secure funds for users at risk. These funds are now held in a Safe Wallet. Users who have approved the Augustus V6 contract are urged to revoke permissions immediately to protect their assets. In a related incident, the HECO Bridge exploiter transferred ~1K $ETH (worth ~$3.6M) to TornadoCash. This incident has drawn attention from various security firms, including PeckShieldAlert and BeosinAlert, which have issued warnings and instructions for users to revoke approvals. The vulnerability has raised concerns across the decentralized finance (DeFi) community, emphasizing the need for constant vigilance and security measures.