Hack history / 2024 / Hack or exploit
Compound
Hack or exploit on Feb 23, 2024 · Security Vulnerability
ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES DISAGREE ON DATE OR LOSS · 2 SOURCES
Lost
$660K
sources: $440K to $660K
Returned
none listed
as the sources state it
Rank
#1,061
among thefts by dollars lost
What happened
On the evening of February 23rd, UNI experienced a sudden price surge, causing Compound to fail in promptly updating UNI's price. As a result, the protocol used an incorrect price provided by Uniswap's TWAP (Time-Weighted Average Price). This allowed users to borrow UNI using collateral with a lower value than UNI's actual price, leading to $660,000 in bad debt.
In review: sources disagree on the loss.
Details
- Date
- Feb 23, 2024
- Kind
- Hack or exploit
- Method
- Security Vulnerability
- How in
- Price, oracle and governance
- Target
- not stated
- Chains
- Ethereum
Reported by
Related incidents
Compound 2024 · Hack or exploit · undisclosed
Compound 2024 · Hack or exploit · undisclosed
Compound Labs 2023 · Hack or exploit · undisclosed
Compound 2021 · Hack or exploit · $68.8M
Compound V2 2021 · Hack or exploit · $147M
Compound 2024 · Hack or exploit · undisclosed
Compound Labs 2023 · Hack or exploit · undisclosed
Compound 2021 · Hack or exploit · $68.8M
Compound V2 2021 · Hack or exploit · $147M
Cite this page
SwanBluechip, "Compound hack, Feb 23, 2024: $660K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht7b429e8f86/ (data as of 2026-10-31).