Because of LP bug on Osmosis, two validators could make $2 million, but then returned it back to the team
According to the official account of FireStake professional staking service for delegators of the Cosmos Ecosystem, validators have not been thinking about the future of the Osmosis community and had their families in their minds rather than the project's future.
in the process, we managed to convert $226 USD to ~$2M. We were thinking about our family's future, and not the future of our community. Shortly after doing so, we stressed throughout the night about how we can set things right. We’re currently working with the Osmosis team...Currently, they are working on the solution with the Osmosis team and are planning on returning the funds as soon as possible. FireStake also encouraged users who used the exploit and gained a significant profit to contact the Osmosis team and return the funds gained with the help of the bug.
Despite FireStake coming clean, the community was still furious since validators should not be doing things done by FireStake and"remain above it." Some users suggested that the company's gesture was caused by the investigation launched by Osmosis developers who found out who was behind the exploit.
Unfortunately, it is not clear exactly what issue caused the opening of an exploit that allowed two validators to turn $200 into $2 million. It is also important to note that exploiters were afraid of
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon postpones opening $200 million East Side fulfillment centerThe company operates about a dozen facilities in the San Antonio area, including...
Read more »
Osmosis DEX on Cosmos exploited for $5 million as validators halt the networkThe Osmosis team confirmed the bug let malicious users drain about $5 million worth of assets from liquidity pools.
Read more »
Osmosis Network Halted by Team; Here's What HappenedCosmos-based osmosiszone halted as critical bug found; $5 million lost Osmosis $OSMO $ATOM
Read more »
Chicago Public Schools plans to spend nearly $10 billion next school yearChicago Public Schools on Tuesday released its proposed $9.5 billion budget for the next school year, a spending plan that’s $200 million more than this year.
Read more »
Amazon postpones opening $200 million East Side fulfillment centerThe company operates about a dozen facilities in the San Antonio area, including...
Read more »
Caesars Plans Lobby, Casino Floor, Pool Upgrades in $200M MakeoverPHOTOS: Caesars casino will renovate its casino floor, lobby, valet area and outdoor pool this year as part of a $200 million makeover, its parent company said Tuesday.
Read more »