inside by mistake $ 90 million

Compound Labs, the company behind the Defi-Protokoll Compound, asks users to return incorrectly received money. Up to 90 million US dollars could be gone.

Robert Leshner, founder of the crypto company Compound Labs, which is responsible for the popular defi-staking protocol Compound, is likely to be quite desperate. With carrot and stick, Leshner tried on Thursday to persuade compound users to return money that actually belongs to his company or the compound community. Background: After a faulty update, compound coins (Comp) worth a good 90 million dollars were unintentionally distributed to the community.

“If you have received a large, incorrect amount of Comp due to the Compound Protocol error, please return it,” said the Compound creator via Twitter. Leshner offered the user on the one hand to be able to keep ten percent of the money. That could be booked as a white hat reward. But there was a hefty warning afterwards. Anyone who does not return the money must expect that this will be reported as income to the US tax authorities (IRS, Internal Revenue Service).

And further: “Most of you would be drugged with it,” says Leshner. The term Doxxing or Doxing comes from the English abbreviation (Docs, Dox) for documents and means the collection and publication of personal data. This can also result in the identification of anonymous persons. In crypto circles this would mean that buyers or traders of cryptocurrencies who have not (yet) reported their income to the tax office are threatened with serious consequences.

Although the reactions under the tweet Leshners turned out to be malicious, it cannot be ruled out that Compound could get at least a large part of the lost money back. In a similar case, the Alchemix Defi-Protocol got almost all of its incorrectly distributed rewards back a few months ago. However, it was “only” $ 4.8 million, like it at CNBC is called.

Incidentally, Leshner answered a few hours after his first request / threat via Twitter once again reported to speak and shown in a much more conciliatory manner. He will “do everything in his power to help the community get something back from their comp,” said Leshner. His first approach was wrong. “Fortunately, the community is much bigger and smarter than me.” He appreciates the ridicule and support, says the Compound Labs founder.