Compound's foundation announcement triggered price volatility, with COMP experiencing a 102% intraday rally before falling due to investor skepticism and long-term holder selling.

South Korean crypto exchange Upbit has made a striking announcement, catapulting the Compound (COMP) token's price by an impressive 70% in a single day. In a recent development, the exchange revealed the addition of Compound to the Upbit KRW market.

COMP token experienced a sharp price spike after its Upbit listing, but allegations of founder Robert Leshner selling a large batch of tokens have overshadowed the rally.

The Compound (COMP) price has jumped to an intraday high of $66.28 following the announcement of its listing on Upbit, the largest exchange in South Korea. Upbit announced it is adding Compound (COMP) trading pairs—COMP/KRW, COMP/BTC, and COMP/USDT—to its spot market, sparking a near-100% surge in the COMP price before a slight correction.

GMX clarified that its contracts were secure after an exploit involving Abracadabra's cauldrons resulted in a $13 million theft.

A recent exploit on Abracadabra.Money, a cryptocurrency lending platform, targeted pools that were built using GMX GMX tokens.

Abracadabra.Money lost $13 million in an exploit that targeted liquidity pools using GMX tokens.

Abracadabra Finance has confirmed a security exploit affecting its gmCauldron smart contracts, resulting in the theft of approximately $13 million and is taking steps to recover the funds.

The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.

An attacker drain approximately 6,262 ETH, valued at around $13 million, from Abracadabra's liquidity pools on GMX.

Magic Internet Money (MIM) was exploited for 6,260 ETH, taken from lending vaults on Arbitrum. While MIM used GMX smart contracts, neither the GMX project nor the GM token were affected by the hack.

About $13 million worth of cryptocurrency has been drained from decentralized lending protocol Abracadabra.Finance following an exploit targeting pools using GMX tokens.In a March 25 X post, crypto cybersecurity firm PeckShield reported that contracts related to GMX and Abracadabra.Money had been compromised, resulting in the loss of about 6,260 Ether (ETH), worth around $13 million. The news follows Abracadabra.Money losing $6.49 million after its smart contracts were compromised in late January 2024.

COMP sets the stage for further price declines.

The recent buying pressure could drive Compound prices higher.

Compound (COMP) token soared more than 10% in the past 24 hours while Ali Martinez predicted a massive surge in short term.

Prominent analyst in the crypto space Ali Martinez highlighted that Compound (COMP) is trading in a parallel channel and could soon dip to $69.

Compound Finance has launched a $1 million bug bounty program with Immunefi to enhance platform security. The post Compound Finance Launches $1M Bug Bounty to Strengthen DeFi Security appeared first on Cryptonews.

Compound Finance detailed that the program will offer rewards that measure up to the level of risk identified.

Compound Finance has launched a $1 million bug bounty program on Immunefi to strengthen its protocol's security.

Since the range breakout on the 22nd of November, Compound crypto is up 77%.

Cryptocurrency prices were upbeat on Thursday morning as Bitcoin surged above $100,000 for the first time ever. Analysts expect that most coins will continue rising in the next few weeks as the Santa Claus Rally takes shape. This report looks at top coins like Compound (COMP), Status (SNT), and iDEGEN.

Here's what you need to know about Compound's COMP after 50% rally.

Microsoft CEO Satya Nadella asked for a reduction in the cash incentive portion of his pay after a security incident that prompted criticism from the U.S. government.

Binance Exchange has announced plans to delist Algoran, DigiByte and GMX trading pairs.

Binance announces the removal of spot trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC to maintain market quality. Trading bot services will also be terminated.

There are few things as stressful — and consequential to your future earnings — as of a new job. We're routinely told that hiring managers expect you to negotiate when they make an offer, yet of workers don't initiate it at all.

Fenbushi Capital, a blockchain-centric venture capital (VC), appears to be cashing out after moving four tokens, including Aave (AAVE) and Compound (COMP), to Binance. The VC is moving these tokens to the exchange, possibly to sell and lock in their profits or cut losses when market participants expect prices to tick higher.

Fenbushi Capital took losses on some of its holdings, divesting former DeFi stars like COMP, AAVE and UNI. Fenbushi also sold its EIGEN allocation.

The decentralized finance (DeFi) space continues to capture the attention of crypto investors, and Compound is currently one of its standout performers. Over the past week, Compound's native token, COMP, experienced an impressive 17.5% price surge, reaching $49.19 at press time.

GMX token remained flat on Tuesday, Sept. 24, as most cryptocurrencies continued consolidating and volume in its ecosystem retreated.

A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.

As 2024, the year marked by exciting movements in the cryptocurrency sector, slowly moves towards its final quarter, crypto traders and investors are increasingly looking at its potential assets that could deliver a relatively substantial profit.

Story Highlights The live price of the COMP crypto is . Compound price could reach a maximum of $100 by 2024. This altcoin could surpass $400 mark with a high of $412.66 by 2030. With the bullish 2024 turning gaining momentum, the buyers are preparing for the positive events ahead.

GMX decentralized exchange has listed two revenue-generating assets on the Arbitrum network. The two – Lido's wrapped staked Ether (wstETH) and Ethena Labs' synthetic dollar (USDe)- will support an ETH/USD perpetual futures marketplace on GMX version 2. The new listing reflects GMX's dedication to providing top-notch earning opportunities without compromising liquidity.

Humpy, a known whale that has caused governance pressure for Balancer and SushiSwap, managed to turn Compound into a yield-bearing staking asset after a controversial voting proposal.

GMX, an on-chain perpetual and spot exchange, has announced that a proposal to change the platform's revenue distribution model has entered the on-chain vote stage.

Compound Protocol is considering a major shift in its revenue distribution following a recent governance fiasco.

With the market liquidations on the rise, Compound enters the list of top-performing altcoins with two bullish daily candles. As the bull run in the COMP price gains momentum, the daily chart reveals a breakout run impending to explode.

Compound Finance's governance attack gets unexpected happy ending.

Compound Finance has brokered a truce with the pseudonymous crypto whale Humpy and his group, The Golden Boys, following a heated governance dispute over Proposal 289.

TL;DR Proposal Cancellation: Compound Finance defused a contentious “governance attack” by reaching a settlement with crypto whale Humpy and his Golden Boys group. Yield-Bearing Staking Program: Instead of goldCOMP, a new staking product will distribute 30% of existing and new market reserves annually to staked COMP holders.

A controversial proposal to allocate $24 million of Compound Finance's treasury has sparked allegations of a governance attack by a small group of token holders, raising concerns over the protocol's decision-making integrity.

Mog Coin (MOG), Compound (COMP), and Blackjack ($JACK) have all made headlines with their respective advancements, price movements, and unique characteristics. As these cryptocurrencies continue to shape the market, investors are closely watching their trajectories to gauge future potential and opportunities. This article delves into the latest updates on these three intriguing assets.

The settlement and new staking plan could enhance Compound's governance security and tokenomics, potentially attracting long-term investors. The post Compound settles ‘governance attack' as COMP surges 7% with new staking plan appeared first on Crypto Briefing.

A new staking product will be offered instead of what Humpy and the 'Golden Boys' initially proposed.

Compound price jumped by 6.4% despite a $25 million attack on its DAO governance. The dysfunctional Compound DAO was riddled with inactive members, which led to a sinister whale proposing and passing a $499,000 COMP grant for his team, the Golden Boys.

The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum.

TL;DR Golden Boys and Governance Controversy: Compound Finance, a decentralized lending and borrowing protocol, is embroiled in a governance scandal. The “Golden Boys” group is at the center of the controversy, with allegations of a governance attack.