Bitcoin24h $67,750.30-0.90%

Ethereum24h $1,961.39-2.35%

BNB24h $628.16-1.16%

XRP24h $1.35-1.73%

Solana24h $85.65-0.77%

TRON24h $0.2802-1.01%

Dogecoin24h $0.0893-3.52%

Cardano24h $0.2625-4.02%

Bitcoin Cash24h $441.28-0.64%

UNUS SED LEO24h $9.22+1.77%

Gauntlet’s $2.3M contract renewal with Compound faces backlash

The renewal of Gauntlet’s $2.3M contract with crypto lending platform Compound Finance has been met with fierce pushback.

Compound DAO faces calls for more oversight amid conflict of interest claims

DeFi platform Compound is facing calls to onboard additional risk managers in response to a governance proposal by current manager Gauntlet.

The technique, known as a ‘front-end’ attack is a relatively common vector for crypto hackers and has impacted multiple projects in the past.

An upgrade has introduced a bug to Compound Finance, leaving the platform’s ~$830 million cETH market unusable.