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Compounder Clients Turn On Auditor After $12 Million.5 Stolen By Protocol Developers
Summary: DeFi protocol Compounder has looted $12.5 million worth of cryptocurrency from its vaults, leaving customers in the lurch. Understandably outraged, customers are now turning on the audit company, Solidity Labs, which reviewed Compounders smart contracts. DeFi auditors review protocols' smart contracts ensuring they do what developers promise and also check a standard list of common ...
DeFi protocol Compounder has looted $12.5 million worth of cryptocurrency from its vaults, leaving customers in the lurch.
Understandably outraged, customers are now turning on the audit company, Solidity Labs, which reviewed Compounders smart contracts. DeFi auditors review protocols' smart contracts ensuring they do what developers promise and also check a standard list of common vulnerabilities.
Last month, Solidity Labs issued an update announcing a flaw in their audit. Solidity wrote in a follow-up post that nobody is to blame for allowing the Compounder scammer to get away with their heist, however the firm is now receiving death threats from disgruntled Compounder customers.
“Part of this is on users for not performing research," A Solidity Labs spokesperson told DeCrypt. “Just because an audit report is released does not mean it is safe.”
By Emily Mason
Tags: Compounder,DeFi Safety,DeFi Security,Solidity Labs
Link: Compounder Clients Turn On Auditor After $12 Million.5 Stolen By Protocol Developers [Copy]
