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Compound Mistakenly Paid Millions in a Liquidity Mining Reward Program By CoinQuora

by Mike Robinson

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Compound Mistakenly Paid Millions in a Liquidity Mining Reward Program
  • Compound has wrongly paid huge sums of dollars in COMP tokens in a liquidity mining reward program.
  • The Compound controller contract has a defect.
  • Three transactions indicate that users received $15 million for exchanging a small quantity of USDC, ETH, and DAI.

Compound, a DeFi-based money exchange, paid out millions in COMP tokens accidentally through the deliberate operation of a liquidity mine rewards program. According to this report, there was a problem with the Compound controller contract due to it’s recent upgrade.

Compound (COMP), in an effort to reward depositors as well as borrowers, hosted the liquidity mining programme. It was timed and took place on Wednesday night. Program users are offered a minimum rate of one-digit APY.

Upon giving the update, one Twitter (NYSE:) us…

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