June 21 (Cointime) - Astaria, a decentralized finance (DeFi) protocol, has been placed in a paused state after an issue with the base implementation of BeaconProxy.sol was discovered. This issue allowed an attacker to manipulate the beacon into loading a rogue implementation that could have resulted in the attacker calling self-destruct. As a precautionary measure, no new loans can be originated at this time.

However, Astaria has successfully executed a whitehat recovery script that rescued all ERC20s and ERC721s of all liquidity providers (LPs) and borrowers. The recovery script used an updated contract implementation and recovery code that withdrew all funds and NFTs to the Astaria multisig. As part of this process, everyone will receive the exact assets they deposited into Astaria, and the team is working on a distribution method to return the funds to the proper users.

Astaria has been in public Beta since May 25th and is grateful for the white hat community that helped to keep the protocol safe.