AFI Protocol
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 37 → 61. Problems weighed by who is responsible: incidents the subject suffered −6, concerns that are not fraud −3.2, problems around the subject, caused by others −1.7; a recent unresolved incident −2.9; fact-check adjustments (−15) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -6 |
| Problems around it, caused by others | -1.7 |
| Recent unresolved incident | -2.9 |
| Sum | 51 |
Score: 61/100 (kept between 0 and 100)
How scoring works →Summary
AFI Protocol (Artificial Financial Intelligence) is a DeFi infrastructure project building Proof-of-Reserve systems for Real-World Assets (RWAs) on Ethereum, offering yield-bearing ERC-4626 vaults backed by tokenized off-chain collateral. The protocol reported over $225 million in total value locked as of mid-2026 and maintains institutional partnerships with Multipli, Pendle, Morpho, and others. On May 30, 2026, the protocol suffered a $480,000 exploit targeting its afiUSD vault, with stolen funds partially laundered through Tornado Cash; recovery efforts were ongoing as of June 2026.
Connected Entities
4 entities · 60 linked investigations- Ethena→mentioned with→Ethereum(75%)
- Ethena→mentioned with→Pendle(60%)
- Pendle→mentioned with→Ethereum(80%)
- AFI Protocol→mentioned with→Ethena(60%)
- AFI Protocol→mentioned with→Ethereum(80%)
- AFI Protocol→mentioned with→Pendle(70%)
Timeline(8 events)
August 2025
Cantina completes private audit of afiUSD contracts, identifying one critical, several medium and low issues — all reported as remediated.
AFI Protocol Audits Documentation20 August 2025
Independent researchers zuhaibmohd and 0xWeb3boy complete additional review of afiUSD, finding low-severity issues reported as resolved.
AFI Protocol Audits DocumentationDecember 2025
Quantstamp completes private audit of POR vault contracts, identifying one high and one medium issue — both reported as remediated.
AFI Protocol Audits Documentation7 December 2025
AFI Protocol launches $20M rwaUSDi institutional vault in partnership with Multipli, backed by claimed $80 million in verified reserves.
AFI Protocol rwaUSDi Launches $20M Verified RWA Vault - Our Crypto Talk30 May 2026
afiUSD vault on Ethereum Mainnet exploited for approximately $480,000. Protocol pauses vault and rotates operational keys within hours of detection.
CryptoTimes - AFI Protocol Shares Incident Update After $480K Exploit30 May 2026
Attacker converts approximately $252,000 in stolen DAI to ETH via on-chain swaps.
CryptoTimes - AFI Protocol Shares Incident Update After $480K Exploit30 May 2026
Attacker routes approximately 150 ETH through Tornado Cash following a test transfer to a secondary wallet.
CryptoTimes - AFI Protocol Shares Incident Update After $480K Exploit9 June 2026
AFI Protocol publishes incident update, confirms engagement of Quantstamp, Cantina, and SEAL 911 for recovery efforts, and announces bounty program.
CryptoTimes - AFI Protocol Shares Incident Update After $480K ExploitDecision Log
- slot 457590386 · hash sNgEU9jevaSyWpp5AWgqcgB3FCifDUbTTsDEqh21b3Z
- slot 455367464 · hash HpoPzLfuQBFEWhNbD3k9sdkrEPnieyJT7LFYDEzA3fve
- slot 443525177 · hash HqdDeEjXvcvaqSTqpyNPspR6DwLxHWMoKxx4KxkGLX2J
- slot 443525162 · hash G7Y3nH2FT8LbGPzQF2m88hjFEP3fhpriDMGQ7tMJQHkn
- slot 426512911 · hash 6wQQEaHhzKBNYuRZ1HVYX5x1L6CAmfDP8581k3H1Jx6V
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 10 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/14/2026, 11:07:01 PM
last updated: 10/10/2026, 6:47:32 PM
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