Share this article
Market for Compound Ether Token ‘Frozen’ After Code Bug Kills Price Feed
Compound pointed to faulty code in a recent addition to the protocol as the problem and said a solution is days away.
By Sam Reynolds
Updated May 11, 2023, 4:44 p.m. Published Aug 30, 2022, 11:48 p.m.
Make us preferred on Google
Decentralized finance (DeFi) lending protocol has suffered a critical failure, effectively halting the trade of Compound Ether (cETH), after a bug was discovered in the code that causes transactions for suppliers and borrowers of ether to revert.
- Users of the COMP protocol receive cETH when they deposit ether onto the platform.
- cETH was initially introduced in early 2020 and was one of the first tokens used for yield farming, or the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.
- Compound says the code in the proposal, which aimed to update the price feed, was audited by three separate teams.
- A fix is coming in the next code proposal, but it will take seven days to go into effect.
- “All users should still be able to add collateral, even ether collateral. The interface is currently not loading, due to this price discrepancy, but will be operational again shortly,” Compound tweeted.
- Compound’s COMP protocol token seems largely unaffected by the news, down 1.8% during the last 24 hours.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Strategy purchased $264 million in bitcoin last week, a slowdown from recent acquisition pace
The company’s stack now stands at 712,647 BTC, worth about $62 billion at the current price of $87,500.
What to know:
- Strategy (MSTR) continued its weekly bitcoin acquisitions, purchasing $264.1 million worth of BTC last week.
- The company’s bitcoin stack now stands at 712,647 coins worth just over $62 billion.
- Last week’s acquisition was primarily funded through the sale of common stock.
Top Stories
