The decentralized Compound platform mistakenly distributed around $160 million worth of Ethereum cryptocurrencies to users. Now the founder of the platform asks users to return the funds, otherwise he threatens to report them to the IRS and arrange doxing.Bleeping Computer writes that the $ 160 million accidental “giveaway” of Ethereum occurred at the end of last week due to an error during a protocol update and a bug in a smart contract. For example, the transaction history of the Comptroller contract shows where the tokens went.
It is worth noting that user funds, provided assets and borrowed assets were not affected by the failure, and, as the developers wrote: “the only risk is that you (or another user) will receive an unreasonably large amount of COMP.” At the same time, according to the journalists of The Register, “extra” tokens are not even displayed in the user’s account automatically, in order to receive them, you need to do a number of manual manipulations.
Shortly after the crash, Compound founder Robert Leshner reached users and urged them to return the funds received in error into the Timelock contract. To stimulate the community, Leschner said that users can keep 10% of the funds as a reward, but noted that the rest of the company will be forced to report to the IRS and doxing will occur.
Many users did not like Leschner’s threats:
After that, the head of Compound changed tactics and explained that the previous tweet was really stupid, he just wanted to “help the community return at least some of the COMP.”
Now the Compound developers have to wait for when (and if) the users will return the erroneously allocated funds. Judging by Leschner’s tweets, as of October 3, 2021, platform users returned about 117,000 tokens, that is, about $ 38.7 million.
Interestingly, according to blockchain specialist Mudit Gupta, Compound’s multimillion dollar error was a simple one-character typo in the smart contract code.
Let me remind you that we also talked about the fact that Monero cryptocurrency official website was hacked and distributed malware.
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