The ParaSwap community has agreed to use treasury funds to compensate users for losses caused by the hacking attack

ChainCatcher news, according to Cointelegraph, the DEX aggregator ParaSwap community has voted to approve the proposal to "use treasury funds to compensate users for losses caused by the hacking incident."

The ParaSwap Augustus v6 contract was temporarily launched on March 18, aiming to improve trading efficiency and reduce Gas fees. However, the contract contained a serious vulnerability that allowed hackers to steal funds from users who had approved the upgrade. Although rollback measures prevented a loss of $3.4 million in assets, approximately $864,000 in assets were lost in the process.