{"investigation":{"slug":"aleo","entity_name":"Aleo","trust_score":46,"severity_base":null,"score_modifier":-16,"confidence":0.4,"status":"under_investigation","content_type":"investigation","summary":"Aleo is a privacy-focused layer-1 blockchain using zero-knowledge proofs, developed by Aleo Systems Inc. and backed by about $228M in disclosed venture funding (Series A 2021, Series B 2022). An online social post in October 2026 reportedly listed it among chains that could wind down; no official shutdown announcement or credible report of one was found. Available market data show a very low token price and market cap relative to its 2024 peak, and negligible tracked DeFi TVL.","sections":[{"content":"The requester context cites a social media post (@Oxvietnguyen, roughly 126K views, October 2026) listing chains with near-zero 24h revenue, small TVL and large FDV declines as possible wind-down candidates. That post was not independently retrieved or verified here. Searches for Aleo shutdown, wind-down or layoffs in 2026 returned no news reports or official announcements of any such event. Company-profile aggregators (low reliability) list roughly 146 to 150 employees with no reported reduction. In late June 2026 Kraken migrated its ALEO listing from BNB Chain to Aleo's native network, which indicates ongoing exchange support of the native chain. Absence of evidence is not proof; the rumour is unverified and the evidence found does not support it.","heading":"Shutdown rumour status","sources":[{"url":"https://support.kraken.com/articles/aleo-migration","name":"Kraken: ALEO migration notice","type":"official","credibility":2},{"url":"https://aleo.org/resources/","name":"Aleo resources page","type":"official","credibility":2},{"url":"https://api.trueup.io/co/aleo","name":"TrueUp Aleo company profile","type":"other","credibility":3}],"severity":"medium"},{"content":"DefiLlama's Aleo chain page showed a token price of about $0.017, a market cap of about $22.4M and an FDV of about $34.9M (capture date not shown). It listed DeFi TVL as $0. BingX data last updated 2026-09-01 showed a price near $0.01 and market cap near $21.9M. An iO Charts page (modified July 2026) showed a one-year return of about -91.8% and chain TVL of $0. A Revolut page reports an all-time high on 28 September 2024 and an all-time low on 6 June 2026, with circulating supply of about 1.20 billion against a 5 billion maximum. These figures are consistent with the claim of a large FDV decline and minimal tracked TVL, but no reliable 2026 fee or revenue figures were found, and exchange/aggregator figures differ between snapshots. Note that the TVL of $0 may reflect limited DeFi tracking by these dashboards rather than the absence of activity, since Aleo is a privacy chain.","heading":"Token performance, TVL and fees","sources":[{"url":"https://defillama.com/chain/aleo","name":"DefiLlama: Aleo chain","type":"research","credibility":2},{"url":"https://bingx.com/ja/price/aleo","name":"BingX ALEO price","type":"other","credibility":3},{"url":"https://iocharts.io/fr/crypto/aleo","name":"iO Charts: Aleo","type":"research","credibility":3},{"url":"https://www.revolut.com/en-DK/crypto/price/aleo/?amount=25","name":"Revolut ALEO/DKK price page","type":"other","credibility":3}],"severity":"high"},{"content":"Aleo raised a $28M Series A in April 2021 (investors reportedly including a16z, Coinbase Ventures, Galaxy Digital, Polychain Capital) and a $200M Series B announced on 2022-02-07, led by SoftBank Vision Fund 2 and Kora Management, with Tiger Global, Sea Capital, a16z, Slow Ventures and Samsung participating. A third-party aggregator lists a further undisclosed $21M entry in January 2025 (low confidence). Business Wire listings and profile pages indicate continued activity in 2026, including a private stablecoin payroll product with Toku and Paxos Labs (January 2026) and a reported Utila partnership (July 2026). Substantial prior funding suggests runway, but current treasury and burn are not publicly verified here.","heading":"Team, funding and recent activity","sources":[{"url":"https://forklog.com/en/privacy-focused-aleo-project-raises-200-million/","name":"Forklog: Privacy-focused Aleo raises $200 million","type":"news_article","credibility":2},{"url":"https://www.coincarp.com/fundraising/aleo-series-b/","name":"CoinCarp: Aleo Series B","type":"other","credibility":3},{"url":"https://aleo.org/resources/","name":"Aleo resources page","type":"official","credibility":2}],"severity":"low"}],"timeline":[{"date":"2021-04","event":"Aleo reported raising a $28M Series A.","source":"Forklog","source_url":"https://forklog.com/en/privacy-focused-aleo-project-raises-200-million/"},{"date":"2022-02-07","event":"Aleo announced a $200M Series B led by SoftBank Vision Fund 2 and Kora Management.","source":"Forklog","source_url":"https://forklog.com/en/privacy-focused-aleo-project-raises-200-million/","date_evidence":"The round is dated February 7, 2022"},{"date":"2024-09","event":"ALEO token reached its reported all-time high.","source":"Revolut price page","source_url":"https://www.revolut.com/en-DK/crypto/price/aleo/?amount=25"},{"date":"2026-06","event":"ALEO reported all-time low; Kraken migrated its ALEO listing from BNB Chain to the native network (June 22-26).","source":"Kraken support","source_url":"https://support.kraken.com/articles/aleo-migration"},{"date":"2026-10","event":"Social post circulates listing Aleo among possible wind-down candidates; unverified.","source":"Requester context (post not retrieved)","source_url":"https://defillama.com/chain/aleo"}],"sources_used":[{"url":"https://support.kraken.com/articles/aleo-migration","name":"Kraken: ALEO migration notice","type":"official","archive_url":"http://web.archive.org/web/20260725021629/https://support.kraken.com/articles/aleo-migration","credibility":2,"archive_timestamp":"2026-07-25T02:16:29+00:00"},{"url":"https://aleo.org/resources/","name":"Aleo resources page","type":"official","archive_url":"http://web.archive.org/web/20260725114624/https://aleo.org/resources/","credibility":2,"archive_timestamp":"2026-07-25T11:46:24+00:00"},{"url":"https://defillama.com/chain/aleo","name":"DefiLlama: Aleo chain","type":"research","archive_url":"https://web.archive.org/web/20261008205421/https://defillama.com/chain/aleo","credibility":2,"archive_timestamp":"2026-10-08T20:54:21+00:00"},{"url":"https://forklog.com/en/privacy-focused-aleo-project-raises-200-million/","name":"Forklog: Privacy-focused Aleo raises $200 million","type":"news_article","archive_url":"https://web.archive.org/web/20261008194707/https://forklog.com/en/aztec-raises-100-million-series-b-led-by-andreessen-horowitz-and-other-investors/","credibility":2,"archive_timestamp":"2026-10-08T19:47:07+00:00"},{"url":"https://bingx.com/ja/price/aleo","name":"BingX ALEO price","type":"other","archive_url":"https://web.archive.org/web/20261008205145/https://bingx.com/ja/price/aleo","credibility":3,"archive_timestamp":"2026-10-08T20:51:45+00:00"},{"url":"https://iocharts.io/fr/crypto/aleo","name":"iO Charts: Aleo","type":"research","archive_url":"http://web.archive.org/web/20261008194633/https://iocharts.io/fr/crypto/aleo","credibility":3,"archive_timestamp":"2026-10-08T19:46:33+00:00"},{"url":"https://www.revolut.com/en-DK/crypto/price/aleo/?amount=25","name":"Revolut ALEO/DKK price page","type":"other","archive_url":null,"credibility":3,"archive_error":"error:no-request","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://api.trueup.io/co/aleo","name":"TrueUp Aleo company profile","type":"other","archive_url":"https://web.archive.org/web/20261008194417/https://api.trueup.io/co/aleo","credibility":3,"archive_timestamp":"2026-10-08T19:44:17+00:00"},{"url":"https://www.coincarp.com/fundraising/aleo-series-b/","name":"CoinCarp: Aleo Series B","type":"other","archive_url":null,"credibility":3,"archive_timestamp":null}],"source_tags":[],"addresses":[],"reviewed":false,"reviewed_by":null,"model_used":"claude-code-investigator","created_at":"2026-10-08T19:08:38.186881+00:00","updated_at":"2026-10-08T21:01:52.844761+00:00"},"source_quality":{"total":9,"tier1":0,"tier2":0,"tier3":0,"unrated":9},"follower_count":null}