Massive Glitch On DeFi Platform Compound Puts $160 Million Up For Grabs
An upgrade gone wrong to the decentralized finance protocol Compound Finance (CRYPTO: COMP) has led to a bigger loss.
Compound Labs Founder Sends Out The IRS Threat To Seek Funds Paid Out In Error Back And Crypto-Twitter Is Having None Of It
Robert Leshner, the self-described “shadowy super-coder” who founded Compound Labs, the company associated with Compound (CRYPTO: COMP), wants the incorrect amount of COMP paid out due to a protocol error returned, or else it would be reported to the U.S.
Want To Buy Crypto? Check Out The Top Movers For Today
According to Benzinga Pro, the following are the crypto gainers and losers at the time of publication:
DeFi Protocol Compound Finance Accidentally Rewards Users With $80M In Tokens Due To Smart Contract Bug
A new upgrade gone wrong has led to $80 million in losses for the decentralized finance protocol Compound Finance (CRYPTO: COMP).
What Happened: After the deployment of Proposal 62 — originally intended to split COMP rewards distribution and bug fixes — Compound Finance reported some unusual activity.
Cryptocurrency Compound Falls More Than 9% In 24 hours
Over the past 24 hours, Compound's (CRYPTO: COMP) price has fallen 9.52% to $300.61. This continues its negative trend over the past week where it has experienced a 13.0% loss, moving from $347.19 to its current price.
Wednesday’s Morning Update On Crypto Gainers and Losers
After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:
Compass Agrees To Acquire First Alliance Title; Terms Not Disclosed
Compass, the real estate technology company, today announced that it has signed a definitive agreement to acquire First Alliance Title LLC, a leading title company serving the Denver metro area. The acquisition
Morgan Stanley Maintains Overweight on Compass, Raises Price Target to $26
Morgan Stanley analyst Brian Nowak maintains Compass (NYSE:COMP) with a Overweight and raises the price target from $24 to $26.
Needham Maintains Buy on Compass, Raises Price Target to $23
Needham analyst Mayank Tandon maintains Compass (NYSE:COMP) with a Buy and raises the price target from $22 to $23.
Compass Sees Q3 Sales $1.65B-$1.75B vs $ Est., Raises FY21 Sales Guidance From $5.35B-$5.55B To $6.15B-$6.35B vs $5.5B Est.
Guidance for 3Q21 and FY2021:
3Q21 Revenue of $1.65 billion to $1.75 billion.
3Q21 Adjusted EBITDA of $(20) million to $0 million.
FY2021 Revenue of $6.15