
Compound Founder Accused of COMP Sale: Token Skyrockets 85%
COMP token experienced a sharp price spike after its Upbit listing, but allegations of founder Robert Leshner selling a large batch of tokens have overshadowed the rally.
COMP token experienced a sharp price spike after its Upbit listing, but allegations of founder Robert Leshner selling a large batch of tokens have overshadowed the rally.
Prominent analyst in the crypto space Ali Martinez highlighted that Compound (COMP) is trading in a parallel channel and could soon dip to $69.
Compound Finance detailed that the program will offer rewards that measure up to the level of risk identified.
Proposal 289 allocates 5% of Compound’s Treasury to a yield-bearing protocol designed by the Golden Boys.
Michael Lewellen, security adviser at the Compound Finance DAO, stated that the Compound Finance URL has been compromised and “is currently hosting a phishing site.
While Solana (SOL) and Compound (COMP) have their ups and downs, VC Spectra strives for success.
Once the user downloads and receives access, Robinhood Wallet grants each customer $5 in crypto.
While the finance and capital market is still figuring out how to adopt digital transformation, crypto projects such as Sanzooz Finance (SZFT) are pushing back against the current norm.
Launched as an alternative to Dogecoin, Shiba Inu is making waves by adding utility value to its community.
As AscendEX lost nearly $78 million, it promises 100% compensation to all the affected users. It also promises of working with blockchain security firms and law enforcement agencies for the same.
Leshner revealed that the bug that happened as a result of the upgrade exposes another 2020,472.5 COMP tokens. Some developers referred to the event as the biggest ever fund loss in a smart contract incident.
Compound becomes latest DeFi platform to make a disbursement mistake and has asked recipients to refund the $90 million worth of COMP tokens.
Ethereum has been one of the best-performing digital assets this year. The digital coin’s year-to-date gains are over 480% and despite its slight slide, its value is up by 65% over the last 30 days and 7.4% in the last 24 hours.
The report by the Federal Reserve Bank of St Louis recognized Ethereum as the leader in the smart contract aspect with the majority of the DeFi protocols built on it.
The Aave liquidity mining program is aimed at growing the lending and borrowing activity in various targeted markets.