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ID:

compound-229

Date:

Status:

Incident Count:

October 4, 2021

Verified

4

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

DefiSafety

Loss Amount:

68,800,000

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Recovered:

-

Rewards:

Currency:

USD, COMP

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Lending

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

1815

(4.97 Years)

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While the decentralized lending agreement Compound tried to fix the loopholes in the liquidity mining token distribution contract through the No. 63 or No. 64 community proposal, another COMP tokens worth US$68.8 million (a total of 202,472 COMP) were sent to users . The extra money came in the form of COMP tokens, which are typically awarded to people who interact with the Compound market by lending, borrowing or depositing cryptocurrency into a lending pool. Users who own COMP tokens have a say in how the platform operates and can also exchange them for USD, however, there's a limited number of COMP tokens that can be in circulation.

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