Crypto Platform Compound Mistakenly Gives $90M To Users
Cryptocurrency platform Compound accidentally paid out $90 million among its users.
Compound is an Ethereum-based money market protocol that enables users to earn interest or borrow assets against collateral.
Due to an erroneous upgrade process, the decentralized finance (DeFi) platform ended up spilling out Ethereum assets worth $90 million to its users.
Compound’s “Comptroller” contract’s transaction history shows where all the Ethereum tokens went.
Compound’s founder Robert Leshner urged users who received these Compound tokens in error to return the assets to the platform’s Timelock contract.
To incentivize users, Leshner stated that for their “white-hat” behavior they may keep 10% as a reward.
If you received a large, incorrect amount of COMP from the Compound protocol error:— Robert Leshner (@rleshner) October 1, 2021
Please return it to the Compound Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925). Keep 10% as a white-hat.
Otherwise, it's being reported as income to the IRS, and most of you are doxxed.
“Otherwise, it’s being reported as income to the IRS, and most of you are doxxed,” threatened the founder in the same tweet.