COMP, the native token of DeFi lending protocol Compound is down by another 8% today having faced its second exploit in less than a week’s time. This is a bit unfortunate for blue-chip DeFi platforms like Compound as it shakes the trust of investors. On the weekly chart, the COMP price is down by more than 15%.
Last week, an upgrade to the DeFi protocol Compound went haywire thereby mistakenly releasing $90.1 million to its users.
COMP Tanks 8% After Facing Second Exploit In Less Than a Week, Drains $21 Million