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ID:

compounder-finance-430

Date:

Status:

Incident Count:

December 1, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Solidity Finance

Loss Amount:

10,800,000

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Recovered:

-

Rewards:

Currency:

USD, WBTC, ETH, DAI

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Protocol

Contract Vulnerabilities

Extended Method:

backdoor from rogue developers

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Days in Operation:

1352

(3.70 Years)

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Compounder.Finance project was rug-pulled Tuesday, with some $10.8 million in investor funds stolen due to a hidden backdoor in the project's smart contracts. It was found that these transactions were internal operations by the owner of the Compounder.Finance project, and a large number of tokens were transferred to their account. Compounder Finance had its contracts drained of $750,000 worth of wrapped bitcoin (WBTC), $4.8 million ether, $5 million dai and a small assortment of other tokens, according to an address associated with the exploit. Tthe developers had snuck in a call function that allowed them to withdraw all funds from the project – an action a decentralized finance project should never allow – whenever they deemed the booty large enough.

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