Summary
ApeRocket is a DeFi yield farming aggregator and optimizer originally deployed on Binance Smart Chain (BSC) and Polygon in 2021. The protocol suffered two simultaneous flash loan exploits on July 14, 2021, resulting in combined losses of approximately $1.26 million and a 63% collapse in its native SPACE token price. The project attempted a V2 relaunch with improved security, but the SPACE token currently shows zero trading volume and effectively zero market capitalization, indicating the protocol is inactive.
Connected Entities
1 entitiesTimeline(8 events)
2021-01-01
ApeRocket launches on Binance Smart Chain as a yield farming aggregator leveraging ApeSwap liquidity.
2021-07-14
BSC CAKE vault exploited via flash loan at approximately 4:30 AM UTC; attacker extracts approximately $260,000 (883 BNB) by artificially inflating vault profits and triggering excessive SPACE token minting.
2021-07-14
Polygon MATIC-DAI vault exploited via flash loan at approximately 8:00 AM UTC; attacker extracts approximately $1,000,000 (521 ETH) using a flaw in ApeSwap's MiniApeV2 deposit() function.
2021-07-14
SPACE token price drops approximately 63% following the two exploits. ApeRocket halts SPACE token minting.
2021-07-15
CoinDesk and Nasdaq report on the combined $1.26 million flash loan attacks. WatchPug publishes root cause analyses for both exploits.
2021-10-15
ApeRocket launches V2 with revised tokenomics, block-lock mechanism, and PeckShield + Mutative audit coverage.
2022-01-01
Protocol activity begins to decline significantly; TVL and SPACE token trading volume trend toward zero.
2026-05-28
SPACE token reports $0.00 price and zero trading volume across major trackers. DeFiLlama shows residual TVL of approximately $38,251. Protocol is effectively inactive.
Decision Log
- hash: E3yFmgJzZkmekiFxj8NRBR4jiJfvZCCuuPF8FBuAY2Hw
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:55 AM
last updated: 5/28/2026, 5:55:17 PM
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