• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Compound encountered an error that “accidentally” blocked users’ ETH for seven days

199
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Compound Finance, the market place-primary DeFi lending protocol, has just rolled out a proposal to update its Chainlink cost index. However, this code has an error and prospects to some pointless complications.

Related articles

Altcoins Are Correcting Prices Lessons from ETH, XRP and SOL

Altcoin selling price correction? Lessons from ETH, XRP and SOL

March 7, 2024
Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023

As a outcome, this code can make it not possible for customers who lend or borrow cETH (Compound ETH) to recover their transactions. This implies that customers are unable to borrow or withdraw collateral. Due to the over incident, to prevent liquidation of present loan positions, customers will need to upload other varieties of assets.

The over error code triggered the Compound front finish to temporarily halt doing work. Very early, close to three am on August 31st (Vietnam time), the protocol typically relaunched the front-finish.

Compound founder Robert Leshner mentioned:

“No heritage is at this time in danger. It may well consider roughly seven days for cETH to be up and working. We will have some proposals in the close to potential to handle this difficulty. “

As for troubleshooting, the etching proposal must consider seven days to consider result. Therefore, customers will not be capable to borrow or withdraw their collateral all through the aforementioned time period.

According to information from DeFiLlama, Compound is at this time in 3rd spot in the ranking of lending protocols with the highest quantity of frozen assets (TVL).

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: accidentallyBlockedCompounddaysencounterederrorETHusers
Share80Tweet50

Related Posts

Trump Urges Oil Producers to Lower Prices Amid Iran Tensions

by shark
June 24, 2025
0

Trump demands U.S. oil producers lower prices, warning they aid adversaries amid Iran tensions.

CryptoQuant Analyst Predicts Bitcoin’s Surge Above $110K

by shark
June 24, 2025
0

Bitcoin could surpass $110,000, driven by unique market dynamics, a CryptoQuant analyst reveals.

Pi Network Faces Bearish Market Conditions, Price Hits New Lows

by shark
June 24, 2025
0

An analysis of Pi Network's recent price drop and market conditions.

Bitcoin and Ethereum Inflows Exceeding $1.2 Billion

by shark
June 24, 2025
0

Bitcoin and Ethereum inflows surge past $1.2 billion amid geopolitical risks, with strong institutional interest.

Veda Secures $18M from CoinFund-Led Round

by shark
June 24, 2025
0

Veda, the DeFi infrastructure provider, received $18 million in funding to expand their platform simplifying DeFi yield offerings across blockchains.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump Urges Oil Producers to Lower Prices Amid Iran Tensions
  • CryptoQuant Analyst Predicts Bitcoin’s Surge Above $110K
  • Pi Network Faces Bearish Market Conditions, Price Hits New Lows
  • Bitcoin and Ethereum Inflows Exceeding $1.2 Billion
  • Veda Secures $18M from CoinFund-Led Round
  • Norway Announces Temporary Ban on New Crypto Mining
  • Chainlink Holds Support and Pi Eyes June 28 While BlockDAG Hits $318.5M
  • Metaplanet Acquires 1,111 BTC, Portfolio Surpasses $1.1 Billion
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7