Compound V2

2019-05-01

Compound V2 deployed to Ethereum mainnet, introducing cTokens and algorithmically derived interest rates.

2020-05-01

COMP governance token launched; protocol governance transferred to token holders.

2020-11-26

Oracle manipulation causes DAI price to report at $1.30 on Compound's Open Price Feed; approximately $89M in user collateral liquidated, including a single account for ~$46-49M.

2021-09-28

Compound executes Proposal 062 containing a '>' vs '>=' coding error in the Comptroller contract.

2021-09-29

Bug discovered; up to 280,000 COMP (~$80M) identified as at risk of incorrect distribution. No admin controls available to halt distributions; governance fix requires 7-day process.

2021-10-01

Founder Robert Leshner tweets threatening IRS reporting against recipients who do not return funds; community backlash prompts retraction. Leshner calls the bug 'the worst day in the history of the Compound protocol.'

2021-10-03

Second incident: approximately $22M more drained from the still-vulnerable contract before the governance remediation takes effect. Only two users return a combined ~37,493 COMP ($12M).

2022-08-01

Compound V3 (Comet) launches with isolated market architecture, offering improved risk isolation compared to V2's shared pool model.

2022-04-30

Rari Capital, a Compound V2 fork, loses ~$80M to a reentrancy exploit in borrowed V2 code.

2023-01-01

Compound Finance X (Twitter) account hacked; attackers promote a Pink Drainer phishing site. ZachXBT traces approximately $4.4M in LINK stolen from victims.

2024-05-01

Golden Boys submit Proposal 118 seeking 5% COMP treasury transfer; proposal fails after community raises concerns.

2024-07-01

Golden Boys submit Proposal 247 via goldCOMP vault mechanism; fails to reach quorum.

2024-07-11

ZachXBT warns via Telegram that compound.finance has been hijacked and is redirecting to a phishing site. Compound Labs confirms the breach; protocol smart contracts unaffected.

2024-07-28

Proposal 289 passes with 682,191 votes in favor after Golden Boys coordinate withdrawal of ~230,333 COMP from Bybit to meet quorum. COMP price falls 6.7%. Gauntlet, Wintermute, and Consensys characterize it as a governance attack.

2024-07-30

Humpy agrees to rescind Proposal 289 in exchange for development of a Compound DAO-controlled staking product (goldCOMP replacement). COMP price recovers.

2024-05-16

Sonne Finance, a Compound V2 fork, loses ~$20M to the known empty-pool exchange rate manipulation vulnerability.

2025-12-07

Governance proposal to pause all new borrows and mints on Compound V2 and set reserve factors to 100% passes with 99.99% of votes in favor, formally beginning V2 wind-down.