Compound error led to distribution of $80 million in excess aw | Top DeFi

Compound error led to distribution of $80 million in excess awards

"Since Proposition 062, we have been made aware of unusual activity regarding COMP distribution. No donated/borrowed funds are at risk - Compound Labs and community members are investigating inconsistencies in COMP distribution," tweeted the team behind the Compound protocol.

An error contained in the updated Controller Contract has mistakenly allowed some users to request about 168,000 COMP tokens worth about $50 million already.

Robert Leshner, founder of Compound Labs, said in subsequent tweets that the Controller Contract address "contains a limited number of COMPs," while most of the reward is in another Reserves Contract address.

Consequently, "the impact is limited, at worst it's 280,000 COMP tokens," Leshner said.