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Detail Analysis

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Date:

Status:

Count:

Contributor:

October 4, 2021

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Verified

3

zerofriction.io

Loss Amount:

68,800,000

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Recovered Amount:

-

Currency:

Dollars, COMP

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Lending

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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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 dollars, however, there's a limited number of COMP tokens that can be in circulation.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.