KernelDAO, as reported by PANews, has found a vulnerability in its fee minting contract post an upgrade. The issue led to extra rsETH being minted and sent to the fee address. While the funds are safe within the contract, the team has paused deposit and withdrawal services temporarily.
What Happened with KernelDAO’s Fee Minting Contract?
KernelDAO’s recent upgrade revealed a flaw in its fee minting contract, causing unintended additional rsETH minting. These surplus tokens were then sent to the fee address. Despite this, all funds in the smart contract are secure. To ensure further safety, the team has halted deposit and withdrawal operations for the time being.
🔒 KernelDAO Funds Secure Amid Vulnerability
The KernelDAO team recently detected an issue in its fee minting contract that led to the accidental creation of extra rsETH tokens. These tokens were promptly transferred to the fee address. While the team has confirmed that all assets in the smart contract are safe, they have taken preventive action by suspending deposit and withdrawal services temporarily.
🚨 What’s Being Done?
In response to the vulnerability discovered in the fee minting contract after the recent upgrade, KernelDAO has acted swiftly. They have reassured users that their funds are secure within the contract. As a precautionary step, deposit and withdrawal services have been temporarily stopped until the issue is fully addressed.
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