ParaSpace: Funds withdrawn from BlockSec, 1:1 conversion of cAPE to APE restored

ParaSpace, an NFT lending protocol, tweeted that funds have been withdrawn from BlockSec, are rebalancing pools on the platform, and are also working on patching the cAPE exchange so it can return to a 1:1 ratio with APE. Once the phased reopening protocol begins, things like the front end will get fixed and show correct and accurate data. ParaSpace also stated that it is implementing enhanced security from the contract side, giving priority to the time lock of large withdrawal requests, and will increase the bug bounty amount to $200,000 for serious bugs, and plans to establish a 7×24 hour Solidity across time zones team, to monitor contract interactions in real time, and ParaSpace has started interviews to hire a Solidity and Security Lead.