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.