Accusations of fund mismanagement flew between the Paraspace CEO and consultants, prompting the Paraspace team to publicly demand the CEO’s resignation. Meanwhile, the ongoing saga surrounding the whereabouts of the protocol’s funds witnessed a new development as Jay Yao, a consultant associated with...
In the early hours of March 17, 2023, ParaSpace, an NFT lending project, faced a hack attack but salvaged 2900 ETH (around $5 million) worth of BAYC NFTs. The platform achieved this after noticing a suspicious transaction and halting the entire protocol. ParaSpace...