How the influx of Terra projects resulted in the Osmosis exploit with founder Sunny Aggarwal – SlateCast #7 How the influx of Terra projects resulted in the Osmosis exploit with founder Sunny Aggarwal – SlateCast #7
CryptoSlate's Akiba talks to Osmosis founder Sunny Aggarwal about the future of Osmosis, the fallout from Terra, bug bounties, and issues with building in a bull market.
Updated: January 16, 2023 at 3:40 pm
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
CryptoSlate’s Akiba talks to Osmosis founder Sunny Aggarwal about the future of Osmosis, the fallout from Terra, bug bounties, and issues with building in a bull market.
In the interview, the founder revealed the catalyst for the exploit that caused the Osmosis chain to be halted last month. The bug was caused by the Osmosis user interface not being tested with an update that had passed testing in the CLI.
Sunny explained the need to upgrade the chain to facilitate the inpouring of Terra builders led to mistakes in testing which resulted in the bug in question.
Moving on, Sunny disclosed that
“Almost all the exploiters have actually returned money and one of the exploiters lost a lot of the money to slippage… but the dev team are going to cover the rest of it… users are going to be made whole.”
Watch the full interview on our YouTube channel and subscribe to CryptoSlate Edge to get early access to content before it goes live on the CryptoSlate website.
Co-Host 
Liam 'Akiba' Wright
Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
Latest Episodes
Featured Channel
Since 2017, CryptoSlate has strived to be an objective authority for the fast-moving and nascent digital assets space
Follow @cryptoslateIn this Video
OSMO is the token of the Osmosis Hub, first DEX for IBC connected coins built on the Cosmos SDK. Learn more
Sunny Aggarwal, renowned as the Co-Founder of Osmosis Labs, plays a pivotal role in the development of Osmosis, an application-specific blockchain (appchain) that serves as the decentralized finance (DeFi) hub within the Cosmos ecosystem.