{"investigation":{"slug":"ionic-protocol","entity_name":"Ionic Protocol","trust_score":53,"severity_base":53,"score_modifier":0,"confidence":0.82,"status":"published","content_type":"investigation","summary":"Ionic Protocol (also known as Ionic Money) is a non-custodial lending and borrowing protocol on Mode Network, an OP Superchain Layer 2, and a rebrand of Midas Capital, which was exploited twice in 2023 for a combined loss of about $1.26 million. In February 2025 Ionic lost an estimated $6.9 million to $12.3 million, depending on the source, after attackers impersonating the Lombard Finance team got a counterfeit LBTC token listed as collateral; part of the funds were laundered through Tornado Cash and no recovery or user compensation has been confirmed.","sections":[{"content":"Ionic Protocol, also known as Ionic Money, is a non-custodial, permissionless money market protocol deployed on Mode Network, an OP Superchain Layer 2. It lets users supply and borrow assets via smart contracts, including liquid staking tokens (LSTs), liquid restaking tokens (LRTs), liquidity provider (LP) positions and standard ERC-20 tokens. Its native governance token is ION. Ionic launched alongside the Mode Network mainnet and is a direct rebrand of Midas Capital, a multi-chain lending protocol on BNB Chain and Polygon that the same team initiated in November 2021 and later sunsetted in favour of a 'Superchains first' strategy focused on the Mode ecosystem. Accounts of the project's funding differ: one description presents Ionic as self-bootstrapped with no external funding and community-driven governance, while another states it received seed investment from MetaCartel Ventures and grants from projects including Neon, OHM and Kaizen DAO.","heading":"Overview","sources":[{"url":"https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538","name":"Ionic Protocol: Introduction — Medium","type":"official","credibility":2},{"url":"https://doc.ionic.money/ionic-documentation/ionic-protocol/introduction","name":"Introduction — Ionic Documentation","type":"official","credibility":2},{"url":"https://www.ionic.money/","name":"ionic.money","type":"official","credibility":3}],"severity":"medium"},{"content":"Midas Capital, Ionic's predecessor, was exploited twice in 2023. In the first exploit, on Midas's Jarvis Polygon pool, an attacker used a flash loan to exploit a read-only reentrancy vulnerability in the WMATIC-stMATIC Curve LP token used as collateral, manipulating the LP token's virtual price by a factor of roughly ten to borrow assets against artificial over-collateralization and exit with approximately $660,000 worth of MATIC, which was sent to centralized exchanges. Reports differ on the date: January 15, 2023 according to the Midas post-mortem as cited on one page, January 16, 2023 according to BeinCrypto as cited on another. The second exploit occurred on June 17, 2023 on BNB Chain, when an attacker used flash loans and artificially inflated voucher values to exploit a rounding error in the protocol's Compound V2-derived codebase, draining approximately $600,000. Both vulnerabilities were described as known issues with documented workarounds at the time of exploitation.","heading":"Predecessor Midas Capital: two exploits in 2023","sources":[{"url":"https://medium.com/midas-capital/midas-exploit-post-mortem-1ae266222994","name":"Midas exploit post-mortem — Midas Capital (Medium)","type":"official","credibility":3},{"url":"https://immunebytes.com/blog/midas-capital-hack-june-17-2023-detailed-analysis/","name":"Midas Capital Hack June 17, 2023 — Immunebytes","type":"research","credibility":3},{"url":"https://beincrypto.com/midas-capital-releases-660000-exploit-post-mortem-defi-attacks-carry-into-2023/","name":"Midas Capital Suffers $660,000 Flash Loan Attack — BeinCrypto","type":"news_article","credibility":2},{"url":"https://beincrypto.com/midas-capital-pool-exploited/","name":"Midas Capital Pool Exploited for $600k — BeinCrypto","type":"news_article","credibility":2},{"url":"https://medium.com/kalos/midas-capital-hack-analysis-6fc9f4a48c92","name":"Midas Capital Hack Analysis — KALOS Security (Medium)","type":"research","credibility":2},{"url":"https://rekt.news/midas-capital-rekt","name":"Midas Capital — Rekt News","type":"news_article","credibility":2}],"severity":"high"},{"content":"On or around February 4–8, 2025, Ionic suffered its most severe security incident, a two-stage social engineering and exploitation scheme. Beginning as early as December 12, 2024, the attacker impersonated members of the Lombard Finance team in business development communications with the Ionic team. The attacker deployed a counterfeit LBTC token contract (0x964dd444e3192f636322229080a576077b06fba3) on January 9, 2025. After weeks of ostensibly legitimate discussions about oracle integrations, Balancer pool whitelisting and authentic-appearing token contracts, the Ionic team approved the fraudulent token as eligible collateral and set up a Balancer liquidity pool (funded with approximately $400,000) along with API3 oracle price feeds for the fake asset. The attacker then minted 250 counterfeit LBTC tokens, deposited them as collateral and borrowed real protocol assets including MBTC, uniBTC, wrsETH, WETH and STONE, abandoning the worthless collateral. The attacker's total expenditure was reportedly 0.01 ETH. Loss estimates vary by source: Rekt News cited approximately $6.9 million; Halborn and most secondary sources cited $8.6 million; PANews reported about $8.8 million; the official post-mortem and CertiK placed the figure at $12.3 million in supply assets taken. Ionic's official post-mortem characterized the incident as 'not a code-based breach' and stated the smart contract protocol functioned as intended and its core remains secure. The team advised users to suspend interaction with the platform while the investigation proceeded, said it was working with investigative partners, law enforcement and affected parties to trace and hold the perpetrators accountable, and appealed directly to the attacker for negotiation.","heading":"February 2025 exploit: social engineering via fake LBTC collateral","sources":[{"url":"https://rekt.news/ionic-money-rekt","name":"Ionic Money — Rekt News","type":"news_article","credibility":2},{"url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","name":"Explained: The Ionic Money Hack (February 2025) — Halborn","type":"research","credibility":2},{"url":"https://quadrigainitiative.com/casestudy/ionicmoneyfakelbtccollateralsocialengineering.php","name":"Feb 2025 — Ionic Money Fake LBTC Collateral Social Engineering — Quadriga Initiative","type":"community_report","credibility":2},{"url":"https://www.chaincatcher.com/en/article/2165720","name":"ChainCatcher","type":"news_article","credibility":3},{"url":"https://www.panewslab.com/en/articles/6d4lap4z","name":"Mode-based Ionic platform hacked, losing about $8.8 million — PANews","type":"news_article","credibility":2},{"url":"https://postmortem.s3.us-east-1.amazonaws.com/postmortem.pdf","name":"Ionic official post-mortem (PDF)","type":"official","credibility":3}],"severity":"critical"},{"content":"After the exploit, the attacker (exploiter address 0x9E34d89C013Da3BF65fc02b59B6F27D710850430) used cross-chain bridges to move approximately 1,204 ETH (roughly $3.2 million at the time) from Mode Network to Ethereum and routed it through Tornado Cash, which according to Halborn made it 'infeasible to identify the stolen assets once the attackers withdrew them.' Additional stolen tokens (MBTC and iBTC) were swapped and used to borrow from Ironclad and Layerbank. Pages differ on where the roughly $3.7 million in outstanding loans sat: one describes Ironclad and Layerbank as on 'Move Protocol', while another describes approximately $3.7 million in MBTC loans remaining on Mode Network, where Ironclad and Layerbank operate as lending protocols in the Mode ecosystem. No confirmed recovery of funds has been reported.","heading":"Fund flow and Tornado Cash laundering","sources":[{"url":"https://rekt.news/ionic-money-rekt","name":"Ionic Money — Rekt News","type":"news_article","credibility":2},{"url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","name":"Explained: The Ionic Money Hack (February 2025) — Halborn","type":"research","credibility":2},{"url":"https://quadrigainitiative.com/casestudy/ionicmoneyfakelbtccollateralsocialengineering.php","name":"Feb 2025 — Ionic Money Fake LBTC Collateral Social Engineering — Quadriga Initiative","type":"community_report","credibility":2}],"severity":"high"},{"content":"The exploit's effects extended beyond Ionic. The borrowed MBTC (Merlin Chain's wrapped Bitcoin) circulated across the Mode Network DeFi ecosystem. When Merlin Chain announced it would use a pre-exploit snapshot to 'minimize the effects of the incident on MBTC users,' protocols on Mode that had accepted MBTC as collateral faced secondary losses. In particular, Layerbank and Ironclad were left holding toxic MBTC positions that became effectively worthless after the snapshot. No coordinated user reimbursement plan across the affected protocols has been publicly confirmed.","heading":"Ecosystem contagion","sources":[{"url":"https://rekt.news/ionic-money-rekt","name":"Ionic Money — Rekt News","type":"news_article","credibility":2},{"url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","name":"Explained: The Ionic Money Hack (February 2025) — Halborn","type":"research","credibility":2}],"severity":"high"},{"content":"On-chain investigator ZachXBT publicly flagged Ionic in connection with the February 2025 exploit. He noted that Midas had been exploited twice in 2023, that Ionic went live using Midas's 2022 audit report, which predated both 2023 hacks, and that before the 2025 incident he had confronted the Ionic team over direct messages about this continuity risk. According to reports, the team responded that the Midas vulnerabilities stemmed from known issues in the Compound codebase that had since been fixed, including through whitelists and reentrancy protections in Ionic. After the exploit, ZachXBT stated publicly that 'Ionic is just Midas wearing a carnival mask,' describing the rebrand as cosmetic rather than a genuine security overhaul. No regulatory charges against individuals have been identified in connection with his flagging.","heading":"ZachXBT warnings and audit continuity","sources":[{"url":"https://x.com/zachxbt/status/1886792512917864953","name":"ZachXBT on X — confronted Ionic about prior Midas hacks","type":"social_media","credibility":2},{"url":"https://www.bitget.com/news/detail/12560604547626","name":"Ionic suffered an attack, predecessor Midas was attacked twice — Bitget News","type":"news_article","credibility":2},{"url":"https://followin.io/en/feed/16108999","name":"followin.io","type":"news_article","credibility":3}],"severity":"high"},{"content":"The February 2025 exploit succeeded not through a smart contract vulnerability but by manipulating the protocol's off-chain due diligence and asset-listing processes. The protocol's collateral vetting failed to detect a months-long impersonation campaign that began in December 2024 with a counterfeit asset, and the team approved an oracle integration and a funded Balancer pool for a token that had not been validated as legitimate. The incident highlights the risks of permissioned asset listing that relies on team judgment rather than on-chain verification or cryptographic proof of asset authenticity. No protocol-level safeguards, such as time-locks on new collateral listings or third-party verification requirements, appear to have been in place at the time. A further concern is that Ionic launched on a 2022 audit of the Midas codebase that did not reflect the versions exploited in 2023. These concerns were raised by ZachXBT and documented by security firms Halborn and Immunebytes.","heading":"Collateral vetting and operational due diligence","sources":[{"url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","name":"Explained: The Ionic Money Hack (February 2025) — Halborn","type":"research","credibility":2},{"url":"https://www.linkedin.com/pulse/ionic-money-85-million-exploit-hack-analysis-piyush-shukla-7j8if","name":"Ionic Money $8.5 million Exploit: Hack Analysis — LinkedIn","type":"research","credibility":3},{"url":"https://immunebytes.com/blog/midas-capital-hack-june-17-2023-detailed-analysis/","name":"Midas Capital Hack June 17, 2023 — Immunebytes","type":"research","credibility":3},{"url":"https://x.com/zachxbt/status/1886792512917864953","name":"ZachXBT on X — confronted Ionic about prior Midas hacks","type":"social_media","credibility":2}],"severity":"high"},{"content":"The team has not publicly disclosed the identities of its founders or core developers. The project's introductory publication refers to 'a handful of ambitious giga brains' initiating the protocol in November 2021 under the Midas Capital name without naming anyone, and no named executives, founders or lead developers appear in official documentation or public communications as of mid-2025. Given the security incidents across both the Midas Capital and Ionic iterations, the undisclosed team limits accountability. Backing from MetaCartel Ventures and grants from several DeFi ecosystem funds suggest some institutional due diligence was conducted, but this does not substitute for public accountability.","heading":"Team anonymity and governance","sources":[{"url":"https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538","name":"Ionic Protocol: Introduction — Medium","type":"official","credibility":2},{"url":"https://www.bitget.com/news/detail/12560604547626","name":"Ionic suffered an attack, predecessor Midas was attacked twice — Bitget News","type":"news_article","credibility":2}],"severity":"medium"},{"content":"In March 2024, Ionic announced Renzo Protocol's ezETH as the first liquid restaking token accepted as collateral on the protocol, priced via a RedStone oracle feed. In late April 2024, ezETH depegged following Renzo's controversial REZ tokenomics announcement, briefly trading as low as approximately $688 on Uniswap, an 18% discount to ETH, and triggering over $60 million in liquidations across DeFi platforms, particularly Morpho and Gearbox. Available sources do not document material losses or bad debt at Ionic specifically from the depeg; the liquidation cascade was concentrated on other leverage platforms. The protocol's exposure to LRT volatility remains a noted risk factor.","heading":"ezETH integration and April 2024 depeg","sources":[{"url":"https://x.com/redstone_defi/status/1771190205728641304","name":"RedStone announces ezETH price feed support for Ionic on Mode — X","type":"official","credibility":2},{"url":"https://protos.com/depeg-of-3b-restaking-token-ezeth-causes-over-60m-in-defi-liquidations/","name":"Depeg of $3B restaking token ezETH causes over $60M in DeFi liquidations — Protos","type":"news_article","credibility":2},{"url":"https://www.theblock.co/post/290709/renzos-ezeth-depegs-18-3-following-rez-tokenomics-announcement-on-binance","name":"Renzo's ezETH depegs 18.3% following REZ tokenomics announcement — The Block","type":"news_article","credibility":1},{"url":"https://www.coindesk.com/markets/2024/04/24/renzo-restaked-eth-suffers-a-brief-crash-on-uniswap","name":"Renzo Restaked ETH Suffers a Brief Crash on Uniswap — CoinDesk","type":"news_article","credibility":1}],"severity":"medium"},{"content":"The ION token reached an all-time high of approximately $0.0694 and has since declined more than 99.9% to trade below $0.0001, with minimal trading volume. Circulating supply is reported at approximately 301.58 million ION of a 1 billion total supply. DeFiLlama data after the exploit shows TVL of approximately $2 million, far below the over $250 million the protocol had cited across deployments on Mode Network, Base, Optimism and BOB. As of mid-2025, no compensation plan for users affected by the February 2025 exploit had been publicly announced, and whether the protocol remains actively maintained is not clearly established in public sources.","heading":"Token, TVL and current status","sources":[{"url":"https://www.coingecko.com/en/coins/ionic-protocol","name":"Ionic Protocol Price — CoinGecko","type":"other","credibility":2},{"url":"https://defillama.com/protocol/ionic-protocol","name":"Ionic Protocol TVL Stats — DeFi Llama","type":"on_chain","credibility":2},{"url":"https://www.gate.com/price/ionic-protocol-ion","name":"Ionic Protocol (ION) price — Gate.com","type":"other","credibility":3},{"url":"https://www.coincarp.com/currencies/ionic-protocol/","name":"Ionic Protocol — CoinCarp","type":"other","credibility":3}],"severity":"high"}],"timeline":[{"date":"2021-11","event":"Midas Capital, the predecessor to Ionic, is initiated by an anonymous team as a multi-chain isolated lending market on Polygon and BNB Chain.","source":"Ionic Protocol: Introduction — Medium","source_url":"https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538"},{"date":"2023-01","event":"Midas Capital's Jarvis Polygon pool is exploited via read-only reentrancy on WMATIC-stMATIC Curve LP collateral; approximately $660,000 lost (dated January 15 and January 16 by different sources).","source":"Midas Capital Suffers $660,000 Flash Loan Attack — BeinCrypto","source_url":"https://beincrypto.com/midas-capital-releases-660000-exploit-post-mortem-defi-attacks-carry-into-2023/"},{"date":"2023-06","event":"Midas Capital BNB Chain pool exploited via a rounding error in its Compound V2-derived code; approximately $600,000 lost.","source":"Midas Capital Pool Exploited for $600k — BeinCrypto","source_url":"https://beincrypto.com/midas-capital-pool-exploited/"},{"date":"2023","event":"Midas Capital is sunsetted and the team rebrands it as Ionic Protocol on Mode Network.","source":"Ionic Protocol: Introduction — Medium","source_url":"https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538"},{"date":"2024-03","event":"Ionic announces Renzo Protocol's ezETH as its first LRT collateral on Mode Network, using RedStone oracle price feeds.","source":"RedStone announces ezETH price feed support for Ionic on Mode — X","source_url":"https://x.com/redstone_defi/status/1771190205728641304"},{"date":"2024-04","event":"Renzo Protocol's ezETH depegs about 18% on Uniswap after the REZ tokenomics announcement; over $60M in liquidations across DeFi. No confirmed material bad debt attributed to Ionic.","source":"Renzo's ezETH depegs 18.3% following REZ tokenomics announcement — The Block","source_url":"https://www.theblock.co/post/290709/renzos-ezeth-depegs-18-3-following-rez-tokenomics-announcement-on-binance"},{"date":"2024-12","event":"Alleged attacker begins interacting with Ionic, impersonating Lombard Finance team members in business development discussions.","source":"Explained: The Ionic Money Hack (February 2025) — Halborn","source_url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025"},{"date":"2025-01","event":"Attacker deploys counterfeit LBTC token contract (0x964dd444e3192f636322229080a576077b06fba3) on Mode Network.","source":"Feb 2025 — Ionic Money Fake LBTC Collateral Social Engineering — Quadriga Initiative","source_url":"https://quadrigainitiative.com/casestudy/ionicmoneyfakelbtccollateralsocialengineering.php"},{"date":"2025-02","event":"Ionic exploit executed: 250 counterfeit LBTC tokens deposited as collateral to borrow real assets including MBTC, uniBTC, wrsETH, WETH and STONE; loss estimates range from about $6.9M to $12.3M.","source":"Ionic Money — Rekt News","source_url":"https://rekt.news/ionic-money-rekt"},{"date":"2025-02","event":"Attacker bridges about 1,204 ETH (roughly $3.2M) from Mode Network to Ethereum and launders it through Tornado Cash.","source":"Explained: The Ionic Money Hack (February 2025) — Halborn","source_url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025"},{"date":"2025-02","event":"ZachXBT publicly flags the exploit, says he had previously confronted the team about Midas's two 2023 hacks, and states 'Ionic is just Midas wearing a carnival mask.'","source":"ZachXBT on X — confronted Ionic about prior Midas hacks","source_url":"https://x.com/zachxbt/status/1886792512917864953"},{"date":"2025-02","event":"Ionic team acknowledges the exploit as a social engineering incident rather than a smart contract vulnerability and advises users to suspend platform interaction.","source":"Explained: The Ionic Money Hack (February 2025) — Halborn","source_url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025"},{"date":"2025-02","event":"Ionic publishes its official post-mortem, stating the incident was not a code-based breach and pledging to work with law enforcement.","source":"Ionic official post-mortem (PDF)","source_url":"https://postmortem.s3.us-east-1.amazonaws.com/postmortem.pdf"}],"sources_used":[{"url":"https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538","name":"Ionic Protocol: Introduction — Medium","type":"official","archive_url":"http://web.archive.org/web/20261007003748/https://medium.com/@ionicmoney/ionic-protocol-introduction-e6e0b748f538","credibility":2,"archive_timestamp":"2026-10-07T00:37:48+00:00"},{"url":"https://doc.ionic.money/ionic-documentation/ionic-protocol/introduction","name":"Introduction — Ionic Documentation","type":"official","archive_url":"http://web.archive.org/web/20260520063747/https://doc.ionic.money/ionic-documentation/ionic-protocol/introduction","credibility":2,"archive_timestamp":"2026-05-20T06:37:47+00:00"},{"url":"https://www.ionic.money/","name":"ionic.money","type":"official","archive_url":"http://web.archive.org/web/20250516042421/https://www.ionic.money/","credibility":3,"archive_timestamp":"2025-05-16T04:24:21+00:00"},{"url":"https://medium.com/midas-capital/midas-exploit-post-mortem-1ae266222994","name":"Midas exploit post-mortem — Midas Capital (Medium)","type":"official","archive_url":"http://web.archive.org/web/20260610104509/https://medium.com/midas-capital/midas-exploit-post-mortem-1ae266222994","credibility":3,"archive_timestamp":"2026-06-10T10:45:09+00:00"},{"url":"https://immunebytes.com/blog/midas-capital-hack-june-17-2023-detailed-analysis/","name":"Midas Capital Hack June 17, 2023 — Immunebytes","type":"research","archive_url":"http://web.archive.org/web/20251215232158/https://immunebytes.com/blog/midas-capital-hack-june-17-2023-detailed-analysis/","credibility":3,"archive_timestamp":"2025-12-15T23:21:58+00:00"},{"url":"https://beincrypto.com/midas-capital-releases-660000-exploit-post-mortem-defi-attacks-carry-into-2023/","name":"Midas Capital Suffers $660,000 Flash Loan Attack — BeinCrypto","type":"news_article","archive_url":"http://web.archive.org/web/20260725134042/https://beincrypto.com/midas-capital-releases-660000-exploit-post-mortem-defi-attacks-carry-into-2023/","credibility":2,"archive_timestamp":"2026-07-25T13:40:42+00:00"},{"url":"https://beincrypto.com/midas-capital-pool-exploited/","name":"Midas Capital Pool Exploited for $600k — BeinCrypto","type":"news_article","archive_url":"http://web.archive.org/web/20260725134029/https://beincrypto.com/midas-capital-pool-exploited/","credibility":2,"archive_timestamp":"2026-07-25T13:40:29+00:00"},{"url":"https://medium.com/kalos/midas-capital-hack-analysis-6fc9f4a48c92","name":"Midas Capital Hack Analysis — KALOS Security (Medium)","type":"research","archive_url":null,"credibility":2,"archive_error":"error:no-request","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://rekt.news/midas-capital-rekt","name":"Midas Capital — Rekt News","type":"news_article","archive_url":"http://web.archive.org/web/20260322055932/https://rekt.news/midas-capital-rekt","credibility":2,"archive_timestamp":"2026-03-22T05:59:32+00:00"},{"url":"https://x.com/zachxbt/status/1886792512917864953","name":"ZachXBT on X — confronted Ionic about prior Midas hacks","type":"social_media","archive_url":null,"credibility":2,"archive_timestamp":null},{"url":"https://www.bitget.com/news/detail/12560604547626","name":"Ionic suffered an attack, predecessor Midas was attacked twice — Bitget News","type":"news_article","archive_url":"http://web.archive.org/web/20260725151704/https://www.bitget.com/news/detail/12560604547626","credibility":2,"archive_timestamp":"2026-07-25T15:17:04+00:00"},{"url":"https://followin.io/en/feed/16108999","name":"followin.io","type":"news_article","archive_url":null,"credibility":3,"archive_timestamp":null},{"url":"https://rekt.news/ionic-money-rekt","name":"Ionic Money — Rekt News","type":"news_article","archive_url":"http://web.archive.org/web/20260607083802/https://rekt.news/ionic-money-rekt","credibility":2,"archive_timestamp":"2026-06-07T08:38:02+00:00"},{"url":"https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","name":"Explained: The Ionic Money Hack (February 2025) — Halborn","type":"research","archive_url":"http://web.archive.org/web/20260609204953/https://www.halborn.com/blog/post/explained-the-ionic-money-hack-february-2025","credibility":2,"archive_timestamp":"2026-06-09T20:49:53+00:00"},{"url":"https://quadrigainitiative.com/casestudy/ionicmoneyfakelbtccollateralsocialengineering.php","name":"Feb 2025 — Ionic Money Fake LBTC Collateral Social Engineering — Quadriga Initiative","type":"community_report","archive_url":"http://web.archive.org/web/20260511081717/https://quadrigainitiative.com/casestudy/ionicmoneyfakelbtccollateralsocialengineering.php","credibility":2,"archive_timestamp":"2026-05-11T08:17:17+00:00"},{"url":"https://www.chaincatcher.com/en/article/2165720","name":"ChainCatcher","type":"news_article","archive_url":"http://web.archive.org/web/20260829045016/https://www.chaincatcher.com/en/article/2165720","credibility":3,"archive_timestamp":"2026-08-29T04:50:16+00:00"},{"url":"https://www.panewslab.com/en/articles/6d4lap4z","name":"Mode-based Ionic platform hacked, losing about $8.8 million — PANews","type":"news_article","archive_url":"http://web.archive.org/web/20251106030131/https://www.panewslab.com/en/articles/6d4lap4z","credibility":2,"archive_timestamp":"2025-11-06T03:01:31+00:00"},{"url":"https://postmortem.s3.us-east-1.amazonaws.com/postmortem.pdf","name":"Ionic official post-mortem 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