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ParaSpace Hack in Retrospect: $5M Rescued, Large Withdrawals Time-Locked, Hacker Wants Fees Back

The crypto and NFT staking platform ParaSpace experienced an attempted exploit that put $5 million at risk, according to various reports on March 17.

The project additionally stated that all user funds, including NFTs were safe. ParaSpace lost 50 to 150 ETH (less than $270,000) due to price slippage during the attack and the recovery. ParaSpace said it will cover those protocol losses. Furthermore, it said that it will provide a 5% bounty to BlockSec, which informed it of the issue.

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