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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 4, 2020

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Unverified

1

zerofriction.io

Loss Amount:

1,000,000

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Recovered Amount:

-

Currency:

Dollars

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

Unknown

Extended Method:

Unknown

Data Sources:

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DeFi lending platform PercentFinance wrote in a blog on November 4 that some currency markets encountered problems that could cause users' funds to be permanently locked. The team frozen currency markets specifically for USDC, ETH, and WBTC. A total of 446,000 USDC, 28 WBTC and 313 ETH have been frozen, valued at approximately US$1 million. The article stated that half of these fixed funds belonged to PercentFinance's "community improvement team." Withdrawals in other markets have already begun, but the team urges users not to borrow money from any of PercentFinance's markets during this period. It is reported that PercentFinance is a fork of Compound Finance.

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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.