Recounting 2021’s biggest DeFi hacking incidents -Breaking
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Compound Finance is one of many victims of DeFi hacking in 2021. September 30, it was Proposal 062 contains an errant bug in token distribution exposed a flaw in which $70 million–$85 million in excess COMP tokens were wrongly distributed to users.
An additional $65million was put in a vulnerable vault just a few more days later. That left at least 150 million COMP tokens at stake. While Compound was able rectify the whole situation, it also shows the vulnerability of the decentralized finance sector (DeFi), at times due to its inherent nascency.
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