Community Update on Recent Incident

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Community Update on Recent Incident

Dear Community,

We would like to provide an update regarding the recent Referenda 1339 and the DOT attack we encountered.

The attacker exploited the system again by adding himself as a proxy just a few blocks before Referenda 1339 was executed. Additionally, the attacker froze all available PARA tokens, rendering the new sudo account unable to send any transactions. As a result, the attacker still remains the sudo proxy owner and is initiating the rebonding of the remaining 200K DOT, with around 26 days left.

Current sudo key account state under attacker’s modification
All accounts are being unbonded

We are actively evaluating the situation and exploring potential solutions to address this issue. This means we will need additional time to vote and handle the situation properly. Rest assured, we will keep the community informed as we progress toward resolving the matter.

Thank you for your understanding and continued support.

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Parallel Finance
Parallel Finance

Written by Parallel Finance

Decentralized lending, staking, and borrowing built on the Polkadot Ecosystem.

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