Other
[loss] $147M+
"Bug puts $162 million up for grabs, says founder of DeFi platform Compound"
Primary Source ↗Financial Loss
$147.0M
(147,000,000 USD)
Incident Details
Robert Leshner, the founder of Compound Labs, took an unusual approach when trying to recoup funds that were mistakenly distributed through a $160 million bug in the protocol. He tweeted, “Please return [the funds]. Keep 10% as a white-hat. Otherwise, it’s being reported as income to the IRS”. The threats were not received particularly well, with some questioning what assumptions Leshner was making about his typical user’s tax status, and Leshner subsequently apologized for his “bone-headed” tweet.
Total loss estimated at $147,000,000.
Technical Details
- Initial Attack Vector
- Software bug / unintentional loss
- Vendor / Product
- Compound Finance bug
Timeline
- 2021-09-30 Breach occurred
- 2021-09-30 Publicly disclosed