A smart contract issue was reported to the Moonbeam Foundation that enabled a user to withdraw an improper amount of USDC from M
08 Mar 2023, 23:02
🚨 A smart contract issue was reported to the Moonbeam Foundation that enabled a user to withdraw an improper amount of USDC from Moonbeam. We are happy to report that the improperly moved funds have been returned thanks to the work of Moonbeam community members.
The vulnerable contracts have been paused to prevent exploits. S/O to the Multichain & Equilibrium teams for identifying the incident and working together to resolve it. Extreme thanks to Ron Brown for his assistance in helping to remedy the issue. The owners of the affected smart contracts are working on upgrades to unpause and resume normal operation. The issue did not affect Moonriver.
It’s collaborations like this, where folks from across the community come together to find successful resolutions, that make the Moonbeam community so incredible. 🙌
For more information, see this post on the Moonbeam Forum: https://forum.moonbeam.foundation/t/critical-differences-in-behavior-between-mintable-erc20s-and-xc20s/516
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