Crypto Marketplace Sent $90 Million to Users By Mistake

A routine update to the code that regulates Compound users' transactions cost the cryptocurrency platform dearly.

Almost 90 million dollars cost the Compound platform a routine update to the code that regulates its users’ transactions in cryptocurrencies.

- Advertisement -

As CBS reports, the update contained a bug that accidentally sent cryptocurrencies worth about $90 million. dollars in the accounts of some users of Compound, which identified what had happened after noting “unusual activity”.

The founder of the company, Robert Leshner, immediately resorted to Twitter to ask users of the platform to refund the amount, starting with various arguments to convince them and even reaching threats.

According to CBS, Leshner initially reported that users can keep 10% of the amount found in their accounts, while trying to discourage those who intended to keep it all, saying they would be declared to the tax office as income.

However, he went on to say that he would reveal the identity of those who did not return the rest, which irritated Compound users, who felt that Leshner would release their personal details.

Leshner later admitted that the move was stubborn on his part and apologized, and every time someone returns the cryptocurrencies he accidentally received, he personally thanks him via Twitter.

Previous Articles:

- Advertisement -

Latest News

Ex-BlackRock Digital Asset Chief Joins SharpLink Gaming as Co-CEO

Joseph Chalom, former BlackRock executive, becomes co-CEO of SharpLink Gaming.Chalom previously led BlackRock’s digital...

US Sanctions North Korean IT Worker Scheme, Arizona Woman Jailed

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a North Korean front...

Sonic’s Airdrop Sparks User Backlash, $85M in Deposits Exit

Sonic distributed over 80 million tokens in its first season airdrop on July 18,...

Hong Kong Stablecoin Laws Take Effect; HKMA Warns of Market Hype

Hong Kong's stablecoin law will take effect on August 1.Several companies have announced stablecoin...

Bitcoin as Peer-to-Peer Cash: Returning to Its Original Purpose

Bitcoin is mainly viewed today as a store of value, similar to Gold.This usage...

Must Read

8 Best Bitcoin Offshore Hosting Providers

In this blog post, we'll list the top 8 best bitcoin offshore hosting providers that accept Bitcoin and other cryptocurrencies.As Bitcoin continues to grow...