DeFi Money Market Compound Overpays Millions in COMP Rewards in Possible Exploit

cryptocurrency 3 months ago

In a possible exploit on Wednesday night, decentralized money market Compound has been erroneously paying out millions of dollars in COMP tokens intended as liquidity mining rewards following an update to one of its smart contracts. In one transaction, $27 million was claimed. "The Hash" squad discusses the latest mix-up in the experimental world of DeFi illuminating the potential risks of open finance.
Read Entire Article