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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 1, 2020

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Verified

1

zerofriction.io

Loss Amount:

10,800,000

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Recovered Amount:

-

Currency:

Dollars, WBTC, ETH, DAI

KYC By:

Audit By:

None

None

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Website:

No data

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:

Protocol

Contract Vulnerabilities

Extended Method:

backdoor from rogue developers

Data Sources:

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Compounder.Finance project was rug-pulled Tuesday, with some $10.8 million in investor funds stolen due to a hidden backdoor in the project's smart contracts. It was found that these transactions were internal operations by the owner of the Compounder.Finance project, and a large number of tokens were transferred to their account. Compounder Finance had its contracts drained of $750,000 worth of wrapped bitcoin (WBTC), $4.8 million ether, $5 million dai and a small assortment of other tokens, according to an address associated with the exploit. Tthe developers had snuck in a call function that allowed them to withdraw all funds from the project – an action a decentralized finance project should never allow – whenever they deemed the booty large enough.

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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.