OptiFi, a Solana-based decentralized exchange, said on Monday that it accidentally shut down its program and that all funds are now inaccessible.
Some $661,000 worth of USDC is now permanently locked within the program. OptiFi said that it will fully refund affected users.
A single mistake in DeFi can have permanent and very expensive results—as the creators of a Solana-based protocol discovered this week.
Options-trading decentralized exchange OptiFi announced on Monday that it had accidentally closed down its program on Solana’s mainnet, which means that all funds within the app are now permanently inaccessible. The damage? Some $661,000 worth of USDC stablecoin in total.
“We had an update to our Solana program code, so our deployer tried to upgrade the OptiFi program on Solana mainnet,” the team wrote in a postmortem report. “However, we accidentally used the ‘Solana program close’ command, resulting in our OptiFi program on mainnet being unfortunately closed.”
OptiFi's program...
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