Protocol Upgrade Accidentally Freezes $ETH on Compound for 7 Days

Lending protocol Compound tweeted that proposal 117 was executed, which updated the price feed that Compound v2 uses. This price feed, while audited by three auditors, contained an error that is causing transactions for $ETH suppliers and borrowers to revert. It is reported that the $cETH market is temporarily frozen and Compound has created a new proposal 119 to revert to the previous price feed, which will take 7 days to go into effect. In addition, Compound states that funds are not immediately at risk and that users should still be able to add collateral, even Ether collateral. The interface is currently not loading, due to this price discrepancy, but will be operational again shortly.