Compound Labs founder Robert Leshner begs his users on Twitter to return lost funds that were due to a bug. At first, the total loss was estimated to be approximately $92.6 million (280,000 comp tokens).
Mr. Leshner tweeted that it could be far more than that as he estimated that a further 202,472.5 comp tokens could be floating around the crypto-sphere.
This entire fiasco was caused by the undergoing upgrade of the platform which resulted in a bug in the platform. This bug caused the platform to automatically give away tokens to users.
At the moment the price of COMP is trading at a loss of 4.8%.
Robert Leshner further added fuel to the fire with the way of how he approached his “fanbase” when it happened. It seems as if he was threatening them.
Most fractions of the crypto community never took that positively. In a series of damage control, he later released a series of tweets to retract his statements.
To dissolve the issue, Leshner will be hopeful that the upcoming upgrade will solve the problem and return things to a certain level of normalcy. It goes to show that from an engineering perspective, things still need to be solved in the defi community.
Losses like these will add further fuel to the argument that the market needs to be regulated to a certain extent to protect customers from losses.
