Summary
TLDR: DeFi aggregator ParaSwap approved a proposal to compensate users affected by a recent contract vulnerability, using treasury funds. White hat operations recovered $3.4 million but some users were still affected. The DAO proposal was supported with a 96.81% agreement rate and will include unused wETH/ETH and FTM assets. Other DeFi and crypto hacks in March totaled $739.7 million in stolen value.
Key Points
1. DeFi aggregator ParaSwap approved a proposal on April 6, 2024, to compensate victims of a March 2024 hack using treasury funds.
2. White hat operations recovered $3.4 million after a vulnerability in the Augustus V6 contract led to the loss of user funds, but some users were still affected.
3. The ParaSwap DAO proposal, supported by a 96.81% agreement rate, will use unused wETH/ETH and accumulated FTM from Fantom’s Gas Program (worth $567,426) to refund users who were not covered by white hat actions.