Fact-check findings
What an automated fact-checker found when it re-read ParaSpace Lending V1 against the sources the page cites. Only the most recent review is shown.
These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #3[unverifiable][awaiting moderator]in section: March 2023 Price Manipulation Exploit
“The attacker's first execution failed due to insufficient gas fees.”
reviewerBlockSec recovered 2,909 ETH; slippage losses of 50-150 ETH; first attacker execution failed for insufficient gas; time-locks implementedNot confirmed in the fetched BlockSec text, and a search snippet says several attempts failed. CryptoSlate, The Block and CertiK were not fetched.
stale
1 claimThe claim was accurate when written but events since have overtaken it.
- #5[stale][awaiting moderator]in section: Rebrand and Current Status
“The legacy ParaSpace Lending V1 smart contracts remained on-chain but user activity effectively ceased.”
reviewerV1 contracts wound down and remain at minimal TVL as of 2026, with user activity only 'effectively ceased'The page presents the protocol as merely quiet. The operator announced a formal sunset with shutdown on 2025-08-01. This correction rests on search snippets because the notice was blocked.Proposed correction (not yet applied)The legacy ParaSpace Lending V1 smart contracts remained on-chain until the protocol's announced shutdown (August 1, 2025), after which full liquidation of ParaSpace V1 positions was announced.
partially supported
2 claimsThe cited evidence supports part of the claim but not all of it.
- #2[partially supported][awaiting moderator]in section: March 2023 Price Manipulation Exploit
“inflating it by approximately 373% (from 851,662 to 3,183,876 APE)”
reviewerStaked APE balance inflated by approximately 373% (851,662 to 3,183,876)The percentage repeats the source but is arithmetically inconsistent with the cited figures. The figures themselves are supported. - #4[partially supported][awaiting moderator]in section: Internal Governance Crisis and Alleged Fund Misappropriation
“More than 19 team members publicly accused CEO Yubo Ruan of misappropriating approximately 1,454.5 ETH”
reviewerOver 19 team members accused CEO of misappropriating about 1,454.5 ETH (~$2.7M)The Defiant headline gives $1.7M while the page gives ~$2.7M. The difference may come from the ETH price used or from the stage of the allegation. The page also cites an 'over $1 million in outflows' figure in the same section. The other cited articles were not read.
confirmed
2 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: March 2023 Price Manipulation Exploit
“The attack used a five-step flash loan structure borrowing approximately 47,352 wstETH.”
reviewerExploit occurred March 17, 2023 on AutoCompoundApe with a flash loan of about 47,352 wstETHBlockSec confirms the date and flash loan size. The five-step count was not checked. - #6[confirmed][no action needed]in section: Rebrand and Current Status
“In December 2023, the merged entity rebranded again to Parallel Finance, focusing on DeFi expansion beyond NFT lending.”
reviewerParaSpace merged with Parallel Finance in Aug 2023 and rebranded to Parallel Finance in Dec 2023Consistent with Cointelegraph.