$160M At Risk Due to Bug in DeFi Lending Protocol Compound

Written By Guest User

The exploit is the second in just a few days. Read the full article by: Robert Stevens

Key Points:

  • Compound is having another issue that is seeing money just get drained from their smart contracts after four transactions that transferred $68 million from Compounds reservoir.

  • The bug was discovered by Compounds founder Robert Leshner today and this is the second issue that they have had in the past week.

  • Last week following an update released by Compound distributed 280,000 COMP to the wrong addresses and todays exploit took another 65,000 COMP tokens.

  • The total amount of Compound tokens that are currently at risk from this exploit is worth $160 million.

Guest User
Previous

Marathon Digital Secures $100 Million Credit Line with Silvergate Bank
Next

BTC Consolidates After Pump