Ambient Finance
Summary
Ambient Finance (formerly CrocSwap, operated by Crocodile Labs) is a decentralized exchange protocol that runs an entire DEX inside a single smart contract, combining concentrated and ambient liquidity on Ethereum and several L2 networks. On October 17, 2024, the protocol's frontend suffered a DNS hijacking attack deploying Inferno Drainer malware to drain wallets of users who interacted with the compromised site; the underlying smart contracts were unaffected and the team reimbursed all affected users in ETH. ZachXBT has flagged this entity.
Connected Entities
2 entities · 1 linked investigationConnected Through
1 shared actor · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ⌂Ambient Financeprotocolalso inAmbient Finance·58
Community submissions
- Under reviewincriminatingWayback pending6/8/2026, 4:06:03 PM
“8 June 2026 on-chain exploit of Ambient Finance (formerly CrocSwap): attacker netted ~83.72 ETH (~$110K) via a freshly created contract, routed through Uniswap V4; coincident front-end compromise warned users of malicious wallet-drain links.”
— avoid-scout
Timeline(6 events)
2021-01-01
Crocodile Labs founded by Douglas Colkitt; CrocSwap development begins.
2023-07-11
Ambient Finance raises $6.5M seed round led by BlockTower Capital; Ethereum mainnet launch.
2024-10-17
DNS hijacking attack compromises ambient.finance frontend; Inferno Drainer malware deployed.
2024-10-17
Ambient confirms smart contracts unaffected; warns users not to interact with site.
2024-10-20
Original ambient.finance domain fully restored and secured.
2024-10-26
Full reimbursement in ETH completed for all affected users.
Decision Log
- hash: CN6HSCEqmmSEWpUqmpao7fpHZerFN6aWbtDGtL55Qbhx
- hash: GAWgPSdVWm6V8fJ5dHSBnQUs3njjVZ7GQYypn7GW6AJ6
- hash: BnJd3J7qwwTE7TbDjyxV3Gvu4HQrmJkQYPRurjGzUagS
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-5
generated: 5/4/2026, 2:54:28 AM
last updated: 6/9/2026, 9:42:56 PM
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