An error in the protocol update resulted in users being able to freely withdraw COMP tokens from the contract.
An hour after the implementation of proposal 062, the project team noticed “unusual activity in the distribution of COMP.” Later, the developers stated that user funds are safe.
The founder of Compound Labs wrote:
Proposition 62 and the new contract were written by a community member with the oversight of several other community members. This is one of the biggest risks for decentralized protocols - the open development process allows errors to escape into production.
SushiSwap developer Mudit Gupta said that the error was a typo in one letter.
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According to cointelegraph.com
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