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ParallelFinance

2 Posts
Parallel’s Payback Plan
DeFi
yay.oi
yay.oi·January 12, 2026

Parallel’s Payback Plan

In a long-awaited update to the Parallel Finance exploit, the team is offering an initial tranche of DOT recovery-funds from their own pockets. Affected users can register for this first distribution on the updated Parallel front-end interface.

3
0.30
A Series of Unfortunate Parallels
Parachain
yay.oi
yay.oi·February 1, 2025

A Series of Unfortunate Parallels

Referendum 1339 has failed to regain control of the Parallel Finance parachain from its attacker. Moments before execution the attacker added itself as a proxy and froze all available PARA tokens, leaving the newly created sudo account unable to send transactions. The attacker proceeded to unbond the remaining 200K DOT on Parallel, which is expected to complete by the end of the month.

3
0.30

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