$34 Million Permanently Locked in a Smart Contract

Due to an error of the AkuDreams team, the Dutch auction of the NFT-project ended with the loss of users’ funds. More than 11,539 ETH were permanently locked in the smart contract.

0xfoobar developer has said:

“$34 million, or 11,539 ETH, are permanently locked in the AkuDreams smart contract. They cannot be retrieved by individual users or the project team.”

At the end of the auction, unsuccessful bidders were supposed to retrieve their ETH, but due to a bug in the contract logic, they cannot use the emergency withdraw function responsible for the withdrawal.

According to 0xfoobar, the project team is also unable to withdraw assets “due to incorrect incremental math.”