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Detail Analysis

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Date:

Status:

Count:

Contributor:

September 30, 2021

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Verified

3

zerofriction.io

Loss Amount:

89,000,000

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Recovered Amount:

-

Currency:

Dollars, COMP

KYC By:

Audit By:

None

DefiSafety

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Protocol

Lending

Contract Vulnerabilities

Extended Method:

Logic error

Data Sources:

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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. 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.

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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.