Crypto Currency Platform Hit By $160 Million “Glitch” – IOTW Report

Crypto Currency Platform Hit By $160 Million “Glitch”

Markets Insider

It was a very rough weekend for Compound, one of the biggest decentralized finance platforms in the world.

A routine network upgrade went badly wrong, ultimately leaving $160 million worth of cryptocurrency at risk in a pool that can be drained by experts who know how to exploit the mistake, according to Compound founder Robert Lescher.

Over the weekend, Lescher was imploring users to return any cryptocurrency they may have received or claimed from the pool. He said more than $30 million had been returned on Sunday. More


7 Comments on Crypto Currency Platform Hit By $160 Million “Glitch”

  1. If you can’t stand over it with a rifle and protect it, it ain’t yours!
    (paraphrasing Ann Barnhardt)

    izlamo delenda est …

    4

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