Security Incident
Compound Security Vulnerability: $660.00K Reported Loss
On the evening of February 23rd, UNI experienced a sudden price surge, causing Compound to fail in promptly updating UNI's price.
- Reported loss
- $ 660,000
- Attack category
- Security Vulnerability
Incident Overview
As a result, the protocol used an incorrect price provided by Uniswap's TWAP (Time-Weighted Average Price). This allowed users to borrow UNI using collateral with a lower value than UNI's actual price, leading to $660,000 in bad debt.
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.