Recently, DeFi lending and borrowing protocol Compound has been facing problems. It all started when a system upgrade has gone wrong.
A few hours ago, Proposal 62 went into effect, updating the Comptroller contract, which distributes COMP to users of the protocol.— Robert Leshner (@rleshner) September 30, 2021
The new Comptroller contract contains a bug, causing some users to receive far too much COMP. https://t.co/Fy6nLgDqKy
Moreover, later it turned out that the platform is at risk to lose many funds.On Sunday, Lesher tweeted that in total around 490.000 COMP is at risk, 136.000 of which is still under the control of Compound's risk management layer Comptroller. In the same tweet, the executive thanked users who returned around 117.000 tokens.
The price of Compound's native token COMP fell by nearly 12% in the last 7 days. Currently, it trades at around $324.