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Compound Labs Accidentally Gave Away $162 Million of Its COMP Token


Compound Labs accidentally gave away roughly $162 million worth of its COMP token after it pushed a bugged update to its comptroller logic on September 29. Now its founder, Robert Leshner, is counting on the decentralized finance platform’s users returning the misbegotten tokens to the Compound Timelock contract.

The problem started with a change introduced as Proposal 62, which introduced “two different COMP distribution rates for each and every market – borrow-side (compBorrowSpeeds) rate and supply-side (compSupplySpeeds) rate” in an effort to address “undesirable market conditions” caused by the previous setup.


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