ChainCatcher news, ParaSpace founder Yubo posted to indicate that, for the sake of transparency, he is revealing a few things that he and the team have been working on today: 1. Establishing a points system to incentivize new liquidity and offset current borrowing costs 2. Collaborating with large liquidity providers to reduce borrowing rates 3. Issuing legal letters to those engaged in criminal activities 4. Working with Twitter to recover stolen accounts 5. Hosting a new Space tonight to keep the community updated 6. Releasing a new report showcasing the protocol's security and debt repayment history 7. Partnering with a new crisis management agency (source link)

ChainCatcher message, the "Paraspace_Official" Twitter account was created less than an hour ago. The account tweeted: "ParaSpace NFT community, we are the core development team, currently operated by smart contract engineering lead @0xJ_C.The current Paraspace Twitter account has been illegally controlled by the following advisors: Jay, Jenn Duong, and Thomas Schmidt. We condemn their false statements attempting to forcibly take over. Our core team of 30 engineers stands united in support of founder Yubo, in order to protect the protocol and its users. In the next 4 hours, we will speak to the community in a completely transparent manner."Earlier, several KOLs issued warnings that there were internal conflicts within the NFT lending protocol ParaSpace team and advised users to withdraw their investments as soon as possible, (source link)