Security Incident · ETH Ecosystem
OlympusDAO Contract Vulnerability
The administrator of OlympusDAO, a new algorithmic stablecoin protocol based on Ethereum, said on Discord, the administrator of Discord said that yesterday, someone bonds OHM/DAI bonds that are considered to be closed so that they can get a large discount and receive 1,697 OHM (over 1.4 million U.S. dollars) instead of 59 OHM (approximately US$50,000).
- Reported loss
- 1,697 OHM
- Attack category
- Contract Vulnerability
Incident Overview
After OlympusDAO discovered this incident, it immediately closed the bond contract.
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.