{"id":32756,"date":"2020-12-03T11:38:39","date_gmt":"2020-12-03T09:38:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32756"},"modified":"2025-08-28T10:18:30","modified_gmt":"2025-08-28T07:18:30","slug":"defi-project-compounder-finance-suspected-of-exit-scam-worth-10-8-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/defi-project-compounder-finance-suspected-of-exit-scam-worth-10-8-million\/","title":{"rendered":"DeFi project Compounder Finance suspected of exit scam worth $10.8 million"},"content":{"rendered":"

Anonymous developers of the DeFi project Compounder Finance allegedly stole $10.8 million from users. CoinDesk<\/a> reports.<\/p>\n

According to Etherscan<\/a>, the smart contract was launched on November 10. At the time of writing, the project’s website and social media accounts are unavailable.<\/p>\n

\"DeFi-\u043f\u0440\u043e\u0435\u043a\u0442<\/p>\n

Data: Etherscan.<\/p>\n<\/div>\n

Earlier in the exit scam suspected<\/a> DeFi project LV Finance. Its organizers forged audit results to siphon investors’ funds.<\/p>\n

Founder of the Compound Finance protocol, Robert Leshner, noted that the developers withdrew funds using a hidden function in the smart contract. Earlier, experts from Solidity Finance, which audited Compounder, flagged the suspicious detail.<\/p>\n

In total, $750,000 in Wrapped Bitcoin, $4.8 million in Ethereum and $5 million in DAI were stolen, along with small amounts of other tokens.<\/p>\n

One investor said he had lost $1 million. He pledged to pay $50,000 for information that could help recover the stolen funds.<\/p>\n

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Message to the scammer of https:\/\/t.co\/kZv6MWkB3E<\/a> just scammed approximately $10,800,000<\/p>\n

I have personally lost approx. 1m$ and the rest of the crypto community lost approx. 10m$ from your rug pull.<\/p>\n

\u2014 DefiYield.info \ud83d\udc68\u200d\ud83c\udf3e\ud83d\ude9c (@defiyield_info) December 1, 2020<\/a><\/p>\n<\/blockquote>\n