Digital Asset
Intelligence
Security Incident · ETH Ecosystem

OlympusDAO Contract Vulnerability

·Historical incident record

Incident Overview

The administrator of OlympusDAO, a new algorithmic stablecoin protocol based on Ethereum, said on Discord, the administrator of Discord said that yesterday, someone bonds OHM/DAI bonds that are considered to be closed so that they can get a large discount and receive 1,697 OHM (over 1.4 million U.S. dollars) instead of 59 OHM (approximately US$50,000). After OlympusDAO discovered this incident, it immediately closed the bond contract.

Sources & References

Original incident referencehttps://www.theblockcrypto.com/post/125170/olympusdao-mistake-lets-user-spend-50000-to-buy-1-43-million-in-ohm (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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