Parallel
@ParallelMoney
Capital-efficient, over-collateralized & decentralized stablecoins. Backed by yield-generating correlated assets | $USDp & $sUSDp | Governance Token: $PRL
164 Following 1.5K Followers
Earlier today, we detected an attempted exploit against Parallel.
@HypernativeLabs’s live monitoring triggered in time, and contracts were paused. The attempt failed. No funds lost; user funds are safe.
A huge thank you to @fraxfinance, @bailsecurity, @cyfrin, @merkl_xyz, and @GamiLabs for their reactivity, support, and help in handling the situation quickly.
An update will be provided in the coming hours, giving more details.
Full post-mortem in the coming days.
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