The 2021 Compound Protocol Incident

In September 2021, a bug in Compound Protocol’s update resulted in the unintended distribution of $90 million in COMP tokens to users. The issue arose from an error in a smart contract, causing overpayments to borrowers.

The community and developers worked quickly to rectify the situation, and many users voluntarily returned the excess tokens. This incident emphasized the importance of comprehensive testing and review processes for DeFi protocols before deployment.

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