{"id":276700,"date":"2021-06-17T02:58:32","date_gmt":"2021-06-16T23:58:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alchemix-patches-reverse-rug-exploit-address-6-5-million-shortfall\/"},"modified":"2021-06-17T02:58:32","modified_gmt":"2021-06-16T23:58:32","slug":"alchemix-patches-reverse-rug-exploit-address-6-5-million-shortfall","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alchemix-patches-reverse-rug-exploit-address-6-5-million-shortfall\/","title":{"rendered":"# Alchemix patches \u2018Reverse Rug\u2019 exploit, address $6.5 million shortfall"},"content":{"rendered":"

“# Alchemix patches \u2018Reverse Rug\u2019 exploit, address $6.5 million shortfall <\/strong>”
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It\u2019s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were the ones to benefit today from an exploit, turning the concept of a \u2018rugpull\u2019 on its head.\u00a0<\/p>\n

A colloquialism for when liquidity is drained from a project (often an unscrupulous founder or developer draining the funds themselves), depositors and DeFi users are most often the ones holding bad debt and\/or worthless tokens \u2014 left to hope for compensation plans that can take months or even years to fully vest. <\/p>\n

In an exploit today, however, the users are the ones who got to pull at the seams for a change. <\/p>\n

This morning, Alchemix announced that the contracts for one of their synthetic assets, alETH, had experienced an \u201cincident.\u201d <\/p>\n

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There has been an incident with the Alchemix alETH contracts. Together with the fantastic team at @iearnfinance<\/a>, we have identified the error and are both working on a post-mortem and a solution to the problem.<\/p>\n

Funds are safe.<\/p>\n

\u2014 Alchemix (@AlchemixFi) June 16, 2021<\/a><\/p><\/blockquote>\n