Paraspace_Official

We are the core development team of @Paraspace_NFT. We stand by @yuboruan. Paraspace is here to stay. We are here to build.

[Paraspace_Official @paraspace_CM]

1/ Hello, the @ParaSpace_NFT community, we are the core developer team, currently run by @0xJ_C. I am the smart contract engineering lead.

The current Paraspace twitter has been unlawfully controlled by the consults: @MrFryR, @jenndefer and #ThomasSchmidt.

[Parallel @ParallelFi_HQ]

1/ Coming in the next 1-2 weeks: @ParallelFi Early Access

The first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more!

Find out how you can earn up to SIX sources of yield + incentives 👇

[Paraspace_Official @paraspace_CM]

We as the core dev team understand the event in the last few days is greatly impacting the users.

In of transparency, the core dev team will open up the internal plan.

We urge returning the multisig seat to the dev team to restore operations.

[Paraspace_Official @paraspace_CM]

The development team is requesting for returning the multisig seat to restore order of operations and health protocol.

Protocol health, contract security, liquidity are the most important priorities for the users.

More info will be released regarding the major upgrades.

[Paraspace_Official @paraspace_CM]

We as the core dev team understand the event in the last few days is greatly impacting the users.

In of transparency, the core dev team will open up the internal plan.

We urge returning the multisig seat to the dev team to restore operations.

[Paraspace_Official @paraspace_CM]

Currently, we have 3 majority protocol upgrades underway for deployment. These would optimize

-protocol interest rates
-gas fee optimization
-timelock upgrade
-multichain deployments

These deployments are on pause due to the multisig control. Similarly with operations.

[Alfred Liang @Alfred_LH]

Github remembers.

[DDYuan @cronusdy]

Signed off by the core development team. I am the FE developer. My name is Di

[Nathan @nathan_sj_stem]

I am personally able to verify the contribution of @yuboruan , Alfred Liang, @0xJ_C , Walid, and Zhoujia's contribution to @paraspace_CM main protocol and 10 feature updates.

[Paraspace_Official @paraspace_CM]

@xavierfreeway soon

[Paraspace_Official @paraspace_CM]

The engineering team is building. We're not leaving. Paraspace is here to stay.

Alfred Liang：https://t.co/ECR1ZYQxQY
CJ：https://t.co/UsWo6sQN8o
Kenny Yu：https://t.co/3ystcGcpsX
Jia Zhou：https://t.co/0dLE6zuoqr
Marvin Zhou：https://t.co/YLMhNt19SD

[Paraspace_Official @paraspace_CM]

https://t.co/Z4QHw5xbi8
Yangyang Chen：https://t.co/dBks8sUkR2
Donglin Han：https://t.co/z3k9EXUURN
Tais Feng：https://t.co/gl2DHjv2Mw
Alex Li：https://t.co/NXCvcmh4gJ
Allen Guo：https://t.co/JkmFp5KitT
Gilda Xu：https://t.co/oCyK9ODP9n
Ryan Luo：https://t.co/IjlIe7oKkn

[Paraspace_Official @paraspace_CM]

Lipai Zhu：https://t.co/Xlq1lFogay
Crystalyn Liu：https://t.co/LD62YyZSZP
Jaden Zhang：https://t.co/G8Fx54r0sZ
Fred Zhang：https://t.co/FsJuj4uT1e
Jarmo Xiang：https://t.co/zcggxi6GiT
Yuntian Wen：https://t.co/QGYqiw0xtu
Hanquan Ren：https://t.co/9NS6QirEEQ

[hanquan ren @RenHanquan]

Signed off by the core development team. I am senior FE developer. My name is hanquan.

we're here to build, Paraspace is here to stay

[sun @yangyan38403168]

Signed off by the core development team. I am the DevOps Engineering. My name is Carlos Chen.

[Gilda Xu @XuGilda31120]

Signed off by the core development team. I am the UI/UX. My name is Gilda Xu

[Paraspace_Official @paraspace_CM]

1/ Hello, the @ParaSpace_NFT community, we are the core developer team, currently run by @0xJ_C. I am the smart contract engineering lead.

The current Paraspace twitter has been unlawfully controlled by the consults: @MrFryR, @jenndefer and #ThomasSchmidt.

[Yubo @yuboruan]

Contributors at @ParaSpace_NFT ,

I write to make you aware of a pressing matter concerning our company. Two former consultants, Thomas Schmidt, and Jay Yao, have illegally obtained control of one of the protocol’s multisig and social media accounts. They did so by contacting key contributors, investors, and partners to make misrepresentations that they are founders/shareholders of @ParaSpace_NFT and manufacturing claims with the intent to take over and force me to step down as CEO. This is highly problematic and the legal team has taken action.

The majority of our team is already aware of the situation and is in active communication with me to battle against the issue. However, we must inform those employees who have supported this illegal takeover of the protocol key and social media accounts to withdraw from these activities immediately. It is imperative that we do not compromise our operations, nor put our operational funds at risk. Similarly, please be aware of the legal ramifications behind these illegal takeovers actions.

I wanted what has transpired thus far. In December 2022, I hired these individuals to advise the company. We had lengthy discussions of their roles and responsibilities. As it currently stands, we are in discussion with the structure and roles as business partners; however, they are not yet shareholders nor board members of @ParaSpace_NFT and @ParallelFi .

In the past 24 hours, they alleged “irregularities” to solicit “take over” through various forced actions, of which they accuse is the return of debts created by the white hacker (note: they are different from user funds) to one of @ParaSpace_NFT operating wallets for different purposes like insurance (0x909). The use of the returned funds was to recapitalize the protocol. Separately, the wallet continues to be used for operations as it was intended for when setting up. Upon receiving the capital from @BlockSecTeam , we planned a structured redeposit procedure in scheduled phases. This was for two purposes: ETH/USDC fluctuation and optimization of capital operations. The plan was decided upon together by myself, Thomas, Jay, and other key engineering stakeholders. To date, following the schedule, all of the hacker’s debt has been deposited back into the hacker account. The residual amount has already been paid back in full according to schedule. The mischaracterization by them is absurd, and I have nothing to hide.

Since founding for the past 3 years, I have poured all my energy, mind, and soul to bring @ParallelFi and @ParaSpace_NFT from ideas to an impactful protocol. Engineering and innovation are endearing to my heart. The emphasis on user and innovation will remain as the main driver to our future success. The protocol cannot be where it stands today without the support of key contributors. To the relevant parties involved in the situation, the protocol and contributors remain as the highest priority. It is imperative that we do not compromise our operations. It is users and protocol that we build for, always. I will continue to do so, ignoring the noises to build better products.

I recognize the concerns and uncertainty that this situation may cause, and I assure you that the Company will take measures to protect itself, users and what you have accomplished. I personally want to express how much I appreciate your support. I will update you as I receive further information that can be shared.

Warmest Regards,

Yubo

[庞氏骗局局长 🍔 @nzhlfred]

@OdailyChina Paraspace 从去年5月开始到现在, 我是从 0 到 1 的核心开发者, 这个 jay 其实是今年年初才进来的, 并且确实市场那边的人都不在公司的核心开发团队里面的, 客观来讲我还是相信 @yuboruan 的为人.

[Alfred Liang @Alfred_LH]

Hello @Paraspace_NFT community and dear users, we are the core development team.

The current Paraspace_NFT twitter is maliciously controlled by

We stand by @yuboruan and against their falsified claims in attempts for a forced take over.

[Billy @Billy8822695375]

Signed off by the core development team. I am the QA Lead My name is Donglin Han (Billy).

[Jia Zhou @JiaZhou73161972]

Signed off by the core development team. I am the BlockChain Engineering. My name is Jia Zhou