Updated on | Posted in Cryptocurrency

Compound supply bug mistakenly rewarded users with $70M in tokens

Decentralized finance (DeFi) hobby charge protocol Compound Finance has stated a token distribution worm inside its newly applied Proposal 062, that is over-worthwhile providers into the tens of hundreds of thousands of dollars.

The improve turned into designed to “cut up COMP rewards distribution and worm fixes” and turned into completely established with out issues. However, inside hours, the crew noted “uncommon activity,” mentioning that “Compound Labs and contributors of the network are investigating discrepancies withinside the COMP distribution.”

Despite the developments, the crew has pressured that no budget both provided or borrowed are at threat. Users of the protocol are reporting widespread windfalls, one claiming a deposit of 70 million COMP tokens into their account, equal to $20 million.

The founding father of Compound Labs, Robert Leshner shared a few perception into the events:

Super-Coder at SushiSwap Mudit Gupta found out that a unmarried letter worm turned into answerable for the mistake in a sequence of tweets.