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Decentralized finance protocol Compound has been hit with a glitch that resulted in its users getting $90 million, and now the founder is asking for it back. As CNBC reported, approximately $90.1...

Crypto DeFi bug accidentally gives $90 million to users, founder asks them to return it Baisakhi Mishra October 1, 2021 Crypto News After an upgrade gone wrong, $90.1 million was accidentally sent to users of DeFi, staking platform Compound.

Compound, the popular "decentralized finance," or DeFi, software protocol, just got a lot more popular, after it mistakenly gave out more than $90 million to users. A bug in an upgrade resulted in...

There are over a hundred different DeFi platforms, but Compound is one of the most popular, with $11 billion in total value locked. Earlier this year, a bug in the popular platform resulted in over $90 million in mistaken rewards. Given the nature of the blockchain, these funds were impossible to reverse or recoup aside from voluntary repayment.

DeFi bug accidentally gives $90 million to users, founder begs them to return it Market Trading Essentials October 1, 2021 4 minutes read About $90.1 million has mistakenly gone out to users of popular DeFi staking protocol Compound after an upgrade gone epically wrong.

DeFi protocols such as Compound are designed to recreate traditional financial systems such as banks and exchanges using blockchains enriched with self-executing smart contracts. On Wednesday,...

All supplied assets, borrowed assets, and positions are completely unaffected. Users don't have to worry about their funds; the only risk is that you (or another user) receives an unfairly large quantity of COMP." DeFi Bug Accidentally Gives $90 Million To Users Archived Discussion Load All Comments 11 Full 37 Abbreviated 6 Hidden /Sea

We thought the carnage was over for popular decentralized finance, or DeFi, staking protocol Compound, but as it turns out, millions more than we thought are at risk. About $162 million is up for...

On Wednesday night, a bug in money market Compound's code led to an erroneous disbursement of COMP tokens intended for long-term liquidity mining rewards. Read more: DeFi Money Market Compound...

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Popular DeFi firm, Compound Labs, rolled out their latest update on Wednesday, however, the company noticed that there is a bug in the system that gave away millions to COMP holders. In only one transaction, about $29 worth of COMP tokens were claimed followed by more such transactions till the amount reached $90.1 million at the contemporary ...

A bug in a recent update of decentralized finance platform Compound sent users nearly $90-million-worth of cryptocurrency in error, leaving its creator's CEO begging users to voluntarily send it...

Oct 1, 2021 Defi Platform Compound Bug Allows Users to Claim $88 Million in Tokens Compound, one of the trademark defi protocols on the Ethereum blockchain, is experiencing a bug that allows users to reclaim unusually high amounts of its native token.

DeFi platform bug sends crypto worth $90 mn to users by mistake; CEO begs return Premium The glitch is a black eye for cryptocurrency platforms hoping to upend the traditional finance system. 3 ...

DeFi bug accidentally gives $90 million to users, founder begs them to return it 1. October 2021 This article has been indexed from Cybersecurity Compound rolled out what should have been a pretty standard upgrade. But soon after implementation, it was clear that something had gone seriously wrong.

As a result, the Osmosis DEX and its native wallet are currently unavailable. The DeFi protocol reported detecting the flaw and producing a patch without providing further data on the nature of the vulnerability.. The developers are currently putting the protocols through their paces before advising the validators to restart the network. "Update: The bug has been identified and a patch written.

A $90 million bug now tests the goodwill of users of a popular decentralised finance (DeFi) protocol, after a technical glitch resulted in an erroneous disbursement of 280,000 COMP tokens worth around $342 each as of publishing.. The bug, triggered by a recent update, affected users of the "Compound" DeFi protocol, which allows users to lend out cryptocurrencies and earn interest payments ...

Bug Fixes in The Game DeFi Kingdoms has also completed a few bug fixes this week to give players smoother gameplay. For example, from now on inventory item balances will only load one at a time. This will help enhance game performance in the long run. DeFi Kingdoms also notes that several other miscellaneous bugs have been fixed.

Banteg called the exploit "the best-kept secret in DeFi.". This brings the total COMP at risk to approximately 490k, of which 136k is still in the Comptroller, and 117k has been returned to the community so far (THANK YOU 🙏). Leshner said that the total amount of COMP at risk is now approximately 490,000, or $160 million, "of which 136k ...

Even though hacks are rampant in DeFi, Immunefi has blocked a good amount. More than $3M in bounties have been paid out using the platform, averting more than $1B in damages, the company says. There's currently $31M in bounties available on the platform. According to Amador, critical bugs are being found on about a quarter of Immunefi's clients.

DEFI BUG NETS 100,000% PROFIT Another DeFi cautionary tale this week came via a glitch in Soft Yearn Finance, a project meant to be artificially pegged to the Yearn Finance token. It overrides the...

My pet didn't evolve but I lost 3 dpet tokens.full evolving and breeding video: https://youtu.be/c-ypTNxivDMFacebook: https://www.facebook.com/Ropher-1044628...

Robert Leshner, the founder of Compound Labs, just sent out a tweet pleading its users to return the $90.1 million in COMP tokens it accidentally deposited to user accounts. Users of the...

My Defi Pet account rollback (Bug) As we have already mentioned, some users (there are not few) have had their My Defi Pet account unintentionally reset, losing all progress. However, not everyone has been affected to the same degree, as some have (hopefully temporarily) lost their PETs apart from in-game progress, which is even more problematic.

The Block takes a dive into the auditing and bug bounty programs of 68 DeFi projects. Join The Block Research for exclusive research like this. Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help ...

DeFi's Double-Edged Sword. By Richard Ma, Quantstamp co-founder and CEO. Composability allows for DeFi projects to leverage one another to create powerful new functionality. However this composability also introduces more risk. A vulnerability in one DeFi application can have an impact on all the other projects that use it.

The go-to analytics site for the decentralized finance (DeFi) space has admitted a bug meant it had misreported a crucial metric showing value held on DeFi protocols. DeFi Pulse said on Twitter ...

My Defi Pet Evolve Error Solved! Defi Pet Fang Evolve | My Defi Pet Error evolution#mydefipet#defipet#fang

A bug bounty is a financial incentive to independent bug bounty hunters who discover security vulnerabilities and weaknesses in systems. Through Immunefi, Cartesi gives $500,000 in rewards to find...

With Immunefi, bug bounty hunters can find programs that best match their skills. They offer experts to solve the most fascinating puzzles in the world, of which DeFi vulnerabilities are the most high-stakes challenges. How to learn to detect DeFi bugs. Because of the complexity of DeFi code, even very experienced developers need to learn about it.




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