Founder Of Compound Finance Apologizes For Lashing Out After Bug Caused ~$50M Token Loss
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Founder Of Compound Finance Apologizes For Lashing Out After Bug Caused ~$50M Token Loss

THELOGICALINDIAN - Compound Finance COMP was the latest victim of a bug that led to millions account of tokens absent The bug had afflicted the latest rewards administration annular that saw an added 50 actor account of COMP tokens broadcast About 280000 tokens were appear to be at accident afterwards Proposal 062 was accomplished arch to discrepancies in the broadcast bulk beatific out to investors

Given the anatomy of the network, there was no way to shut bottomward the administration after a 7-day delay due to its babyminding process, so the aggregation alien Proposal 063 for review. This was done in adjustment to abeyance badge administration while the developers amount out what was was with Proposal 062. While the bug did not affect any user funds, it acquired some users to accept added $COMP tokens than they were advantaged to. With one transaction accustomed as abundant as $30 actor account of tokens.

Leshner Threatens COMP Community

Leshner took to Twitter to abode the association on the bug and explained what was activity on. Initially, Leshner had provided advice on the bearings at hand. Where he assured users that their funds were safe as supplied and adopted assets had not been afflicted by the bug. With follow-ups that explained that the association had voted to arrest the added badge distribution, which would aback stop absolute badge administration to users.

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By the time the aggregation accomplished there was a bug in the proposal, it was already too backward as the tokens had already been broadcast to the users. At this point, there was annihilation abundant for the aggregation to do but achievement that the users who got added tokens than they were advantaged to would acknowledgment the tokens. Not absent to accident relying on the association actuality honest, architect Robert Leshner had gone with the nuclear option.

Leshner had tweeted that users had gotten added COMP than they were advantaged to should acknowledgment it to the abode which he had posted, aggressive that the tokens would be appear to the IRS as assets and adage that the receivers had been doxxed, which meant their identities would be fabricated known.

Founder Apologizes For Threats

The association did not booty agilely to actuality threatened by the architect for an absurdity that had occurred from their end. This led to backfire from the association apropos the avenue Leshner had taken to abode the issues. And association associates replied that they would not acknowledgment the funds if they had accustomed them as they did not booty agilely to actuality threatened.

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Hours later, the architect tweeted a aftereffect to his antecedent cheep answer that the cheep had been “bone-headed” and took albatross for his actions. Leshner thanked the association for pointing out the flaws in his tweets, which he explained was in an accomplishment to advice balance the coins.

COMP amount blueprint from TradingView.com

At the time of writing, there has been no amend from the COMP aggregation apropos the absent tokens and if users had alternate the tokens they got. COMP amount has annoyed off the account and continues to barter in the $320 amount range.