Compound Contract Vulnerability: $80.00M Reported Loss
Compound, a decentralized lending protocol, confirmed through Twitter that after the implementation of Proposal 062, the liquidity mining of the protocol has an abnormal distribution of COMP tokens.
- Reported loss
- $ 80,000,000
- Attack category
- Contract Vulnerability
Incident Overview
Compound Labs and community members are investigating. Compound said that deposits and borrowed funds have not been found to be at risk. Compound founder Robert Leshner stated that the problem appeared to be an error in the initial setting of the distribution rate of COMP tokens based on Proposal 062, resulting in too much COMP tokens being distributed; however, modification of the corresponding code must go through governance , It takes at least 7 days.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.