According to Foresight News, NFT lending protocol ParaSpace tweeted that the funds have been recovered from BlockSec, and the funding pool on the platform is being rebalanced. It is also working to patch the cAPE exchange so that it can be restored to a 1:1 ratio with APE. Once the phased reopening of the protocol begins, things like the front end will be fixed and display correct and accurate data.
ParaSpace also stated that it is working on implementing enhanced security from the contract side, giving priority to time locks for large withdrawal requests. It will also increase the bug bounty to $200,000 for serious bugs, and plans to establish a 24/7 Solidity team across time zones to monitor contract interactions in real time. ParaSpace has begun interviewing to hire a Solidity and security director.
