NFT Lending Protocol Paraspace "The problem of the founder monopolizing the control of funds"
NFT lending protocol Paraspace, which was hacked in March, tweeted, “User funds 2909 ETH, which were temporarily moved for safekeeping during the hacking attack, have not yet been fully returned to the protocol. All funds on-chain and off-chain Because it is under the control of Paraspace founder Yubo Ruan." "Earlier, we asked Yubo several times to transfer control of funds to the team to establish Paraspace as a corporation, but he did not give a clear answer. At this point, we discovered that he misappropriated user funds. We then removed all addresses that were out of our control, including those in reserve, to ensure multi-signature of the protocol."