ParaSwap Allegedly Latest Victim To Profanity Exploit

ParaSwap is a decentralized exchange aggregator which tries to provide the best price over multiple DEXs on the Ethereum blockchain.  The aggregator appears to have been the latest victim in an exploit utilizing the Profanity naming platform.

In another security situation Supremacy Inc., a web3 security firm has tweeted that the ParaSwap platform may have been compromised, this security flaw allegedly led to stolen funds on multiple chains and may be the result of a vulnerability on Profanity.

Supremacy went on to state that the address of the deployer was associated with multiple multi-sig wallets and recommended ParaSwap ensure newer addresses not be made with Profanity.

****Update it appears after an investigation ParaSwap denies any vulnerabilities and has promised an explanation soon.*****

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