Decentralized finance (DeFi) protocol Alchemix has resolved a bug that seemingly forgave borrowers’ loans prematurely, essentially giving them free money.
The Alchemix team said it’s investigating the issue and will publish a postmortem shortly. In the meantime, “the alETH contract has been paused and will remain so until our solution is implemented,” the project tweeted.
It took about 15 minutes for Alchemix to halt the minting of alETH once the team started looking into the issue, n4n0 said.
The root cause: “the alETH vault accidentally created additional vaults,” the incident report notes.
The post concludes with an ask:
Brady Dale contributed reporting.
UPDATE (June 17, 1:51 UTC): Adds information from Alchemix's incident report.
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