NFT lending

According to reports, the NFT lending agreement ParaSpace will charge a fee starting from May 1, 2023, including a 3% fee for APE pledge. This fee will be charged when Claim reward

According to reports, X2Y2 stated that its NFT lending has increased significantly. Last September, X2Y2 accepted the first loan, and now the total loan amount exceeds $65 million,

On March 19th, the NFT lending agreement ParaSpace announced that the funds had been recovered from BlockSec and was rebalancing the fund pool on the platform. At the same time, efforts were being made to repair the cAPE exchange so that it could recover to a 1:1 ratio to APE. Once the phased reopening of the protocol begins, things like the front-end will be fixed and display correct and accurate data. ParaSpace: Funds have been recovered from BlockSec and efforts are being made to restore cAPE and APE 1:1 anchoring Analysis based on this information:ParaSpace, a lending platform for non-fungible tokens (NFTs), announced on March 19th that it had successfully recovered funds from BlockSec, a smart contract auditing firm that had been entrusted with the platform’s NFT collateral. This news came after ParaSpace had reported a security breach affecting its cAPE exchange, which had caused the value of its in-house token cAPE to drop dramatically. In its announcement, ParaSpace noted…

According to reports from the Web3 network security company Ancilia, the root cause of the attack on the NFT lending protocol ParaSpace occurred in the scaledBalanceOf() function of the contract 0xddde38696fbe5d11497d72d8801f651642d62353, which is used to calculate the user’s collateral through the supply() function. However, manipulating the number of APE tokens in the function getPooledApeByShares() allows scaledBalanceOf() to return a large value. Users can own a large amount of collateral and use it to borrow more assets. Ancilia: The root cause of the ParaSpace attack occurred in the scaledBalanceOf() function of the 0xddde3 contract Analysis based on this information:The Web3 network security company, Ancilia, has identified a vulnerability in ParaSpace, an NFT lending protocol that enables users to manipulate the collateral amount. According to reports, the root cause of the attack occurred in the scaledBalanceOf() function, which is linked to the contract 0xddde38696fbe5d11497d72d8801f651642d62353. This function is used to calculate the collateral amount that users have. Manipulating the number of APE tokens…

On March 17th, BlockSec tweeted that it had blocked an attack on the NFT lending agreement ParaSpace, saving 2900 ETH assets, and hoped that ParaSpace would contact it as soon as possible. BlockSec: Blocked an attack on ParaSpace and saved 2900 ETH assets Analysis based on this information:BlockSec, a cybersecurity firm that focuses on blockchain technology, tweeted on March 17th that it had successfully blocked an attack on ParaSpace, an NFT lending agreement. The attack was aimed at stealing 2900 ETH assets from ParaSpace, but thanks to BlockSec’s timely intervention, the assets were saved. BlockSec urged ParaSpace to contact them as soon as possible to discuss the details of the attack and provide further security measures. This message conveys a few important points about the state of blockchain security and the risks that come with NFT lending. Firstly, it highlights the vital role that cybersecurity firms like BlockSec play in protecting blockchain assets. As blockchain technology continues to evolve and…

According to reports, ParaSpace, the NFT lending agreement, officially stated that due to the team’s observation of suspicious transaction operations, the ParaSpace agreement has been suspended for security reasons, and users cannot conduct any transactions (withdrawals, deposits, and settlements). ParaSpace: For security reasons, currently users cannot perform any transactions Analysis based on this information:ParaSpace, the popular non-fungible token (NFT) lending agreement, has recently been suspended due to alleged suspicious transaction operations, as reported by the company. In a statement released on their official website, ParaSpace mentioned that their team has observed some transactions being carried out on their platform that violated their security guidelines. As a result, the company has opted to suspend all user transactions, including withdrawals, deposits, and settlements, until further notice. The suspension of transactions on ParaSpace is primarily aimed at preventing any unauthorized access to the platform or the funds involved in it. According to the company’s directive, users will not be able to access their…

On March 15th, Arcade.xyz, the decentralized NFT lending market, tweeted that after a security alert from BlockSec, a vulnerability involving the approval of remaining tokens was found in the old contract, which is currently not being used in the agreement. The team has contacted 10 affected users and recommended that they revoke their permissions. Arcade.xyz in the NFT lending market has discovered a security vulnerability in old contracts and has reminded affected users to revoke their permissions Analysis based on this information:Arcade.xyz, the decentralized NFT lending market, was recently alerted to a security issue by BlockSec. Following the alert, the Arcade.xyz team immediately went to work to identify and rectify any potential vulnerabilities to protect its users. The identified vulnerability was in the old contract, which is currently unused in the agreement. The team moved quickly to contact the 10 users affected by the issue, offering them recommendations to revoke their permissions. This approach ensures that those affected understood the…

It is reported that the NFT lending platform PaprMeme launched by four former Coinbase employees completed the financing of US $3 million, and Coinbase Venture…