Audit log

Every state-changing event for Avalanche: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-14 06:02:54Z
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   ●mainnet-betaslot 419,629,025

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   4gxq754LdGsW…YNPhsMQrcopyexplorer ↗

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   {"actor":"system:backfill","investigation_id":"c671e84d-553e-41a5-85b4-ce818806fac0","kind":"publish","page_slug":"avalanche","published_at":"2026-05-14T06:02:54.395Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Avalanche","sections":[{"content":"Avalanche is a Layer-1 blockchain platform developed by Ava Labs, Inc., founded in 2018 and headquartered in New York. The mainnet launched in September 2020. The network employs a tri-chain architecture: the X-Chain (Exchange Chain) for asset creation and trading; the P-Chain (Platform Chain) for validator coordination and subnet management; and the C-Chain (Contract Chain), an Ethereum Virtual Machine-compatible chain for smart contracts. The native token, AVAX, has a hard-capped total supply of 720 million tokens. As of early 2026, approximately 431.8 million AVAX (roughly 60% of total supply) had been unlocked. The Avalanche9000 upgrade in 2025–2026 rebranded subnets as 'Avalanche L1s' and reportedly reduced deployment costs by 99%. The network recorded over 1.7 million active addresses on the C-Chain in early 2026.","heading":"Project Overview","severity":"low","sources":[{"credibility":2,"name":"What Is Avalanche (AVAX) — Crypto.com","type":"news_article","url":"https://crypto.com/en/coins-ai/avalanche/what-is"},{"credibility":2,"name":"Avalanche (AVAX) Tokenomics — Tokenomist.ai","type":"research","url":"https://tokenomist.ai/avalanche-2"},{"credibility":1,"name":"Ava Labs official site","type":"official","url":"https://www.avalabs.org/"}]},{"content":"Emin Gün Sirer is co-founder and CEO of Ava Labs. A Turkish-American computer scientist, Sirer received his undergraduate degree from Princeton University and his Ph.D. in Computer Science from the University of Washington in 2002. He served as an associate professor at Cornell University and co-directed the Initiative for Cryptocurrencies and Smart Contracts (IC3). He is a credited contributor to early peer-to-peer research predating Bitcoin. Co-founders Maofan 'Ted' Yin and Kevin Sekniqi are also Cornell alumni. Sirer won a $3 million defamation judgment in 2021 against a crypto influencer who published a video in February 2021 falsely linking him to an Islamist organization. An unnamed former Ava Labs engineer published allegations via CoinGeek in 2023 about internal culture, including a claimed preoccupation by Sirer with Satoshi Nakamoto comparisons; these claims are unverified and drawn from a single Tier 3 source.","heading":"Founders and Key Personnel","severity":"low","sources":[{"credibility":2,"name":"Emin Gün Sirer — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Emin_G%C3%BCn_Sirer"},{"credibility":2,"name":"Ava Labs founder awarded $3M in crypto defamation suit — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/ava-labs-founder-awarded-3m-in-crypto-defamation-suit"},{"credibility":3,"name":"Ava Labs engineer dishes dirt on Avalanche — CoinGeek","type":"news_article","url":"https://coingeek.com/ava-labs-engineer-dishes-dirt-on-avalanche-emin-gun-sirer-satoshi-fixation/"}]},{"content":"Ava Labs raised $6 million in February 2019 from Andreessen Horowitz (a16z), Polychain Capital, Initialized Capital, and angel investors including Balaji Srinivasan and Naval Ravikant. A subsequent $12 million private token sale was led by Bitmain and Galaxy Digital. In September 2021, the Avalanche Foundation completed a $230 million private token financing round led by Polychain Capital and Three Arrows Capital (3AC), joined by the R/Crypto Fund, Dragonfly Capital, CMS Holdings, and others. In April 2022, Bloomberg reported Ava Labs raised $350 million at a $5.25 billion valuation. The 2021 round's lead investor, Three Arrows Capital, subsequently collapsed in June 2022 following losses from the Terra/LUNA implosion. Ava Labs and the Avalanche Foundation both publicly stated that 3AC did not manage or custody any Foundation treasury funds, limiting direct contagion risk.","heading":"Funding and Investors","severity":"medium","sources":[{"credibility":2,"name":"Ava Labs — Crunchbase Company Profile & Funding","type":"research","url":"https://www.crunchbase.com/organization/ava-labs"},{"credibility":1,"name":"Ava Labs Set to Raise $350M at $5B Valuation — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/04/14/ava-labs-set-to-raise-350m-at-5b-valuation-report"},{"credibility":2,"name":"Avalanche (AVAX) Distances from 3AC Amid Insolvency Rumors — The Layer","type":"news_article","url":"https://thelayer.xyz/avalanche-avax-distances-from-3ac-amid-insolvency-rumors/"}]},{"content":"AVAX has a hard-capped supply of 720 million tokens. The allocation breakdown at genesis was: Staking Rewards (50%), Team (10%), Foundation (9.26%), Public Sale Option A2 (8.30%), Community and Development Endowment (7%), Strategic Partners (5%), Seed Sale (2.50%), Airdrop (2.50%), Private Sale (3.50%), Incentivized Testnet (0.27%), Public Sale Option A1 (1%), and Public Sale Option B (0.67%). The team allocation is subject to a four-year vesting schedule; the Foundation allocation follows a ten-year schedule. The private seed sale priced tokens at $0.50 each, while later public sales occurred at higher prices. The 10% team allocation and concentration of early investors including a16z and Polychain represent meaningful insider holdings. As of early 2026, approximately 60% of total supply is in circulation.","heading":"Token Distribution and Tokenomics","severity":"medium","sources":[{"credibility":2,"name":"Avalanche (AVAX) Tokenomics and Vesting — Tokenomist.ai","type":"research","url":"https://tokenomist.ai/avalanche-2"},{"credibility":2,"name":"Avalanche (AVAX) Token Unlocks and Vesting — CryptoRank","type":"research","url":"https://cryptorank.io/price/avalanche/vesting"},{"credibility":2,"name":"Avalanche (AVAX) ICO Funding Rounds — CryptoRank","type":"research","url":"https://cryptorank.io/ico/avalanche"}]},{"content":"In August 2022, a self-described whistleblower website called CryptoLeaks published a report alleging that Ava Labs entered into a secret agreement with law firm Roche Freedman LLP, under which the firm would receive approximately 1% of the AVAX token supply and a comparable equity stake in Ava Labs in exchange for filing class-action lawsuits against Avalanche competitors, including Solana-related entities, and other crypto industry participants. The report claimed to include hidden-camera footage of Roche Freedman founding partner Kyle Roche making statements suggesting coordinated use of the U.S. legal system to distract regulators such as the SEC and CFTC from scrutinizing Ava Labs. AVAX dropped approximately 11% following publication. Emin Gün Sirer publicly called the allegations 'obvious nonsense' and 'conspiracy theory nonsense,' stating that Roche had fabricated claims to impress a potential business partner. Kyle Roche acknowledged making the statements in the video but claimed the footage was 'highly edited and spliced out of context.' Following the scandal, Kyle Roche withdrew from representation in several major crypto class-action suits including those against Tether, Bitfinex, Tron, and BitMEX, and was subsequently ousted from Roche Freedman. No criminal charges, regulatory enforcement actions, or civil judgments resulting from these specific allegations have been publicly reported as of the date of this investigation. The report originated from CryptoLeaks, a non-transparent source with no publicly identified authorship, which reduces its credibility. However, the consequence of Roche's departure from the firm and his withdrawal from cases lends corroborating weight to some elements of the account.","heading":"CryptoLeaks Whistleblower Scandal (2022)","severity":"high","sources":[{"credibility":1,"name":"AVAX Drops 11% After Whistleblower Says Avalanche Weaponized Litigation — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2022/08/29/crypto-coin-avax-drops-11-after-self-described-whistleblower-says-avalanche-weaponised-litigation-against-rivals"},{"credibility":2,"name":"Ava Labs Dismisses Conspiracy Alleging Avalanche Paid Lawyers to Sue Competitors — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/ava-labs-dismisses-conspiracy-alleging-avalanche-paid-lawyers-sue-competitors/"},{"credibility":1,"name":"Crypto Lawyer Kyle Roche Withdraws From Tether, Bitfinex, TRON and BitMEX Lawsuits — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/08/31/crypto-lawyer-kyle-roche-withdraws-from-tether-bitfinex-tron-and-bitmex-lawsuits-after-cryptoleaks-scandal"},{"credibility":2,"name":"Avalanche Attorney Accused Of Using Lawsuits To Kneecap Rivals — The Defiant","type":"news_article","url":"https://thedefiant.io/news/defi/avalanche-lawyer-scandal"},{"credibility":3,"name":"Ava Labs Case No. 3 — CryptoLeaks (original report, Tier 3 source, disputed)","type":"community_report","url":"https://cryptoleaks.info/case-no-3"},{"credibility":2,"name":"Law Firm Drops Kyle Roche Following Ava Labs Expose Fallout — Blockworks","type":"news_article","url":"https://blockworks.co/news/law-firm-drops-kyle-roche-following-ava-labs-expose-fallout"}]},{"content":"In March 2022, Ethereum core developer Péter Szilágyi identified and responsibly disclosed a critical zero-day vulnerability in the AvalancheGo networking code. As described in his March 29, 2022 report, the flaw involved malformed PeerList packet handling that could crash all connected nodes and validators simultaneously. Szilágyi characterized the potential attack vector as 'insta-death for the entire network,' estimating that an attack could theoretically have been executed for approximately $179,000 (the cost of staking 2,000 AVAX as a validator node) against a network then capitalized at over $24 billion. Szilágyi discovered the vulnerability by writing a fuzzer while examining the network's packet handling code. He reported it to Ava Labs developers, who patched the flaw within one day via the avalanchego v1.7.9 upgrade. No exploitation of this vulnerability was reported prior to the patch. The rapid response and responsible disclosure process in this case is generally considered a positive governance signal.","heading":"Critical Network Vulnerability: Ethereum Developer Disclosure (2022)","severity":"high","sources":[{"credibility":2,"name":"An Ethereum Core Dev Saved Avalanche From $24B Network Insta-Death — CryptoBriefing","type":"news_article","url":"https://cryptobriefing.com/an-ethereum-core-dev-saved-avalanche-from-24b-network-insta-death/"},{"credibility":2,"name":"Ethereum lead developer saved Avalanche from over $24B ecosystem crash — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/ethereum-lead-developer-saved-avalanche-from-over-24b-ecosystem-crash/"}]},{"content":"In February 2025, security researcher James Edwards published a four-part technical analysis alleging a zero-day vulnerability in the AvalancheGo cryptographic signature generation process. Edwards claimed the flaw allowed private keys of network validators to be forged, potentially compromising the entire protocol. He alleged that Ava Labs had failed to respond adequately after he first submitted the report via Hackenproof on February 14, 2025, with Ava Labs initially responding on February 17 before Edwards went public on February 19. Ava Labs issued a technical rebuttal stating that its signature generation processes were RFC6979-compliant and the vulnerability claim was invalid. Edwards disputed Ava Labs' rebuttal, asserting the company's documentation referenced library functions that did not exist in the codebase. No independent third-party security firm publicly confirmed or refuted the specific vulnerability claims. Edwards stated he had not executed the alleged exploit. This disclosure remains disputed and unresolved in publicly available sources as of the investigation date.","heading":"Disputed Zero-Day Vulnerability Disclosure (February 2025)","severity":"high","sources":[{"credibility":3,"name":"Researcher publishes Ava Labs Avalanche zero-day vulnerability — CoinGeek","type":"news_article","url":"https://coingeek.com/researcher-publishes-ava-labs-avalanche-zero-day-vulnerability-says-entire-protocol-compromised/"}]},{"content":"Avalanche experienced two notable network outages. In March 2023, the network encountered a temporary outage during a scheduled software upgrade, impacting both the C-Chain and X-Chain. A more significant outage occurred on February 23, 2024, when the C-Chain halted block production for approximately five hours. Ava Labs co-founder Kevin Sekniqi attributed the 2024 outage to 'a gossip-related mempool management bug' introduced in code version v1.10.18 that caused validators to send excessive gossip traffic to each other. Engineering vice president staff identified and resolved the bug by approximately 11:00 AM ET. The February 2024 event marked the first significant multi-hour outage since the network's 2020 launch.","heading":"Network Outages and Reliability","severity":"medium","sources":[{"credibility":1,"name":"Avalanche Is Back Up After Failing to Produce Block for Four Hours — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2024/02/23/avalanche-suffers-outage-fails-to-produce-block-for-almost-two-hours"},{"credibility":2,"name":"Avalanche operational again after 5 hour outage — Blockworks","type":"news_article","url":"https://blockworks.co/news/avalanche-blockchain-downtime"},{"credibility":2,"name":"Avalanche suffers downtime of nearly five hours — CryptoBriefing","type":"news_article","url":"https://cryptobriefing.com/avalanche-suffers-downtime-nearly-five-hours/"}]},{"content":"Several DeFi protocols deployed on the Avalanche C-Chain have suffered significant exploits, though none compromised the base-layer protocol itself. Key incidents include: (1) February 2023 — Platypus Finance, an Avalanche-based stablecoin AMM, suffered a $9.19 million exploit; two individuals were subsequently arrested by French police in connection with the attack. (2) February 2023 — Dexible, a multi-chain algorithmic trading protocol, lost approximately $1.5 million due to a smart contract vulnerability. (3) June 2023 — A flash loan attack drained approximately $370,000 in USDC from an Avalanche-based protocol. (4) October 2023 — Stars Arena, an Avalanche-based social token platform, suffered the largest single ecosystem exploit in 2023 on the network, with approximately $2.9 million in AVAX drained from its smart contract after a security vulnerability was exploited; the smart contract was left with a balance of approximately $0.051. These exploits reflect vulnerabilities in individual application-layer smart contracts rather than the Avalanche base protocol.","heading":"DeFi Ecosystem Exploits","severity":"medium","sources":[{"credibility":2,"name":"Avalanche project Stars Arena suffers $2.9M exploit — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/avalanche-project-stars-arena-suffers-2-9m-exploit-leaving-smart-contract-with-just-0-051/"},{"credibility":2,"name":"French Police Arrest Hackers Allegedly Associated With Exploit of Avalanche-Based DeFi Protocol — The Daily Hodl","type":"news_article","url":"https://dailyhodl.com/2023/02/28/french-police-arrest-hackers-allegedly-associated-with-exploit-of-avalanche-based-defi-protocol/amp/"},{"credibility":2,"name":"Avalanche (AVAX)-Based Social Finance Platform Suffers $2,900,000 Exploit: Peckshield — The Daily Hodl","type":"news_article","url":"https://dailyhodl.com/2023/10/08/avalanche-avax-based-social-finance-platform-suffers-2900000-exploit-peckshield/"},{"credibility":2,"name":"Stars Arena Hack — Oct 7, 2023 — Detailed Analysis — ImmuneBytes","type":"research","url":"https://immunebytes.com/blog/stars-arena-hack-oct-7-2023-detailed-analysis/"}]},{"content":"Prior to March 2026, AVAX existed in a legal gray zone under U.S. securities law. Multiple class-action lawsuits had alleged that AVAX was sold as an unregistered security; however, no SEC enforcement action specifically targeting AVAX as a security was publicly filed. On March 17, 2026, the SEC and CFTC issued a joint final rule classifying 16 crypto assets as digital commodities under a unified five-category framework. AVAX was included among the 16, placing it in the same regulatory category as Bitcoin and Ethereum. The ruling also explicitly stated that protocol staking — across solo, self-custodial, custodial, and liquid models — does not constitute a securities transaction. This classification effectively resolved years of enforcement uncertainty for AVAX. In parallel, multiple asset managers filed for spot AVAX ETFs with the SEC: VanEck (ticker VAVX, filed March 2025 with staking provisions), Bitwise (ticker BAVA, filed September 2025), and Grayscale (ticker GAVX, updated S-1 filed December 2025). ETF approvals were pending as of the investigation date.","heading":"Regulatory Status","severity":"low","sources":[{"credibility":2,"name":"What Is Avalanche (AVAX) & Why It's Now a US Digital Commodity — Phemex","type":"news_article","url":"https://phemex.com/academy/what-is-avalanche-avax-us-digital-commodity"},{"credibility":2,"name":"Avalanche Price Prediction as SEC Names AVAX a Digital Commodity — BanklessTimes","type":"news_article","url":"https://www.banklesstimes.com/articles/2026/03/18/avalanche-price-prediction-as-sec-names-avax-a-digital-commodity/"},{"credibility":1,"name":"VanEck's new Avalanche ETF filing to include staking rewards — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2025/12/20/vaneck-s-new-avalanche-etf-filing-to-include-staking-rewards-for-avax-investors"},{"credibility":1,"name":"VanEck Avalanche ETF S-1 Filing — SEC EDGAR","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/2086017/000121390025087599/ea0256697-s1_bitwise.htm"}]},{"content":"Ava Labs signed a partnership with Amazon Web Services (AWS) to bring scalable blockchain solutions to enterprises and governments. Franklin Templeton launched its BENJI money market fund on Avalanche. VanEck introduced a tokenized U.S. Treasury fund (VBILL) on the network. As of mid-2025, stablecoin supply on Avalanche — including USDC, USDT, and DAI — exceeded $1.7 billion. The Avalanche9000 upgrade introduced 'Interchain Messaging' (ICM) for communication between all L1 subnets, with over 100 active custom subnets reported by Q1 2025. The network processed approximately 1.5 million daily transactions in August 2025 with active addresses surging over 520% year-over-year.","heading":"Institutional Adoption and Ecosystem","severity":"low","sources":[{"credibility":1,"name":"Ava Labs and AWS Bring Scalable Blockchain Solutions — Avax.network","type":"official","url":"https://www.avax.network/about/blog/ava-labs-and-aws-bring-scalable-blockchain-solutions-to-enterprises-and-governments"},{"credibility":2,"name":"Avalanche (AVAX) Statistics 2025: Trends Unveiled — CoinLaw","type":"research","url":"https://coinlaw.io/avalanche-avax-statistics/"}]}],"sources_used":[{"credibility":2,"name":"Emin Gün Sirer — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Emin_G%C3%BCn_Sirer"},{"credibility":1,"name":"Ava Labs official site","type":"official","url":"https://www.avalabs.org/"},{"credibility":1,"name":"AVAX Drops 11% After Whistleblower Says Avalanche Weaponized Litigation — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2022/08/29/crypto-coin-avax-drops-11-after-self-described-whistleblower-says-avalanche-weaponised-litigation-against-rivals"},{"credibility":1,"name":"Crypto Lawyer Kyle Roche Withdraws From Lawsuits — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/08/31/crypto-lawyer-kyle-roche-withdraws-from-tether-bitfinex-tron-and-bitmex-lawsuits-after-cryptoleaks-scandal"},{"credibility":1,"name":"Ava Labs Set to Raise $350M — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/04/14/ava-labs-set-to-raise-350m-at-5b-valuation-report"},{"credibility":1,"name":"Avalanche Is Back Up After Outage — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2024/02/23/avalanche-suffers-outage-fails-to-produce-block-for-almost-two-hours"},{"credibility":1,"name":"VanEck Avalanche ETF SEC S-1 Filing","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/2086017/000121390025087599/ea0256697-s1_bitwise.htm"},{"credibility":2,"name":"An Ethereum Core Dev Saved Avalanche From $24B Network Insta-Death — CryptoBriefing","type":"news_article","url":"https://cryptobriefing.com/an-ethereum-core-dev-saved-avalanche-from-24b-network-insta-death/"},{"credibility":2,"name":"Ethereum lead developer saved Avalanche from $24B crash — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/ethereum-lead-developer-saved-avalanche-from-over-24b-ecosystem-crash/"},{"credibility":2,"name":"Ava Labs Dismisses Conspiracy Alleging Avalanche Paid Lawyers — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/ava-labs-dismisses-conspiracy-alleging-avalanche-paid-lawyers-sue-competitors/"},{"credibility":2,"name":"Avalanche Attorney Accused Of Using Lawsuits To Kneecap Rivals — The Defiant","type":"news_article","url":"https://thedefiant.io/news/defi/avalanche-lawyer-scandal"},{"credibility":2,"name":"Law Firm Drops Kyle Roche Following Ava Labs Expose Fallout — Blockworks","type":"news_article","url":"https://blockworks.co/news/law-firm-drops-kyle-roche-following-ava-labs-expose-fallout"},{"credibility":2,"name":"Ava Labs — Crunchbase","type":"research","url":"https://www.crunchbase.com/organization/ava-labs"},{"credibility":2,"name":"Avalanche (AVAX) Tokenomics — Tokenomist.ai","type":"research","url":"https://tokenomist.ai/avalanche-2"},{"credibility":2,"name":"Avalanche (AVAX) Token Unlocks and Vesting — CryptoRank","type":"research","url":"https://cryptorank.io/price/avalanche/vesting"},{"credibility":2,"name":"Avalanche project Stars Arena suffers $2.9M exploit — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/avalanche-project-stars-arena-suffers-2-9m-exploit-leaving-smart-contract-with-just-0-051/"},{"credibility":2,"name":"Stars Arena Hack Oct 7 2023 Analysis — ImmuneBytes","type":"research","url":"https://immunebytes.com/blog/stars-arena-hack-oct-7-2023-detailed-analysis/"},{"credibility":2,"name":"French Police Arrest Hackers in Platypus Finance Hack — The Daily Hodl","type":"news_article","url":"https://dailyhodl.com/2023/02/28/french-police-arrest-hackers-allegedly-associated-with-exploit-of-avalanche-based-defi-protocol/amp/"},{"credibility":2,"name":"Avalanche suffers downtime of nearly five hours — CryptoBriefing","type":"news_article","url":"https://cryptobriefing.com/avalanche-suffers-downtime-nearly-five-hours/"},{"credibility":2,"name":"Avalanche operational again after 5 hour outage — Blockworks","type":"news_article","url":"https://blockworks.co/news/avalanche-blockchain-downtime"},{"credibility":1,"name":"Ava Labs and AWS Partnership — Avax.network","type":"official","url":"https://www.avax.network/about/blog/ava-labs-and-aws-bring-scalable-blockchain-solutions-to-enterprises-and-governments"},{"credibility":1,"name":"VanEck Avalanche ETF filing — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2025/12/20/vaneck-s-new-avalanche-etf-filing-to-include-staking-rewards-for-avax-investors"},{"credibility":2,"name":"SEC Names AVAX a Digital Commodity — BanklessTimes","type":"news_article","url":"https://www.banklesstimes.com/articles/2026/03/18/avalanche-price-prediction-as-sec-names-avax-a-digital-commodity/"},{"credibility":2,"name":"Ava Labs founder awarded $3M defamation judgment — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/ava-labs-founder-awarded-3m-in-crypto-defamation-suit"},{"credibility":2,"name":"Avalanche (AVAX) Statistics 2025 — CoinLaw","type":"research","url":"https://coinlaw.io/avalanche-avax-statistics/"},{"credibility":3,"name":"Researcher publishes Ava Labs Avalanche zero-day vulnerability — CoinGeek","type":"news_article","url":"https://coingeek.com/researcher-publishes-ava-labs-avalanche-zero-day-vulnerability-says-entire-protocol-compromised/"},{"credibility":3,"name":"CryptoLeaks Case No. 3 — Ava Labs report (disputed Tier 3 source)","type":"community_report","url":"https://cryptoleaks.info/case-no-3"}],"summary":"Avalanche (AVAX) is a Layer-1 proof-of-stake blockchain launched in September 2020 by Ava Labs, a company co-founded by Cornell University computer scientist Emin Gün Sirer alongside Maofan 'Ted' Yin and Kevin Sekniqi. The network is distinguished by its tri-chain architecture (X-Chain, P-Chain, C-Chain) and the Avalanche Consensus Protocol, which targets sub-second transaction finality. While the project has accumulated significant institutional backing, ETF filings, and a March 2026 CFTC/SEC commodity classification, it has also faced a significant 2022 whistleblower scandal alleging weaponization of litigation against competitors, multiple DeFi exploits on its ecosystem, and two disclosed critical infrastructure vulnerabilities.","timeline":[{"date":"2018-01-01","event":"Ava Labs incorporated; research on Avalanche Consensus Protocol begins at Cornell University","source":"Emin Gün Sirer — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Emin_G%C3%BCn_Sirer"},{"date":"2019-02-01","event":"Ava Labs raises $6 million seed round from Andreessen Horowitz, Polychain Capital, and angels including Balaji Srinivasan and Naval Ravikant","source":"Ava Labs — Crunchbase","source_url":"https://www.crunchbase.com/organization/ava-labs"},{"date":"2020-09-01","event":"Avalanche mainnet launches; AVAX token goes live","source":"Ava Labs official site","source_url":"https://www.avalabs.org/"},{"date":"2021-09-01","event":"Avalanche Foundation completes $230 million private token financing round led by Polychain Capital and Three Arrows Capital","source":"Ava Labs — Crunchbase","source_url":"https://www.crunchbase.com/organization/ava-labs"},{"date":"2022-03-29","event":"Ethereum core developer Péter Szilágyi publicly discloses a critical 'insta-death' network vulnerability in AvalancheGo; Ava Labs patches within one day via avalanchego v1.7.9","source":"Ethereum lead developer saved Avalanche from over $24B ecosystem crash — CryptoSlate","source_url":"https://cryptoslate.com/ethereum-lead-developer-saved-avalanche-from-over-24b-ecosystem-crash/"},{"date":"2022-04-14","event":"Bloomberg reports Ava Labs raises $350 million at a $5.25 billion valuation","source":"Ava Labs Set to Raise $350M at $5B Valuation — CoinDesk","source_url":"https://www.coindesk.com/business/2022/04/14/ava-labs-set-to-raise-350m-at-5b-valuation-report"},{"date":"2022-06-27","event":"Three Arrows Capital ordered to liquidate; Ava Labs and Avalanche Foundation publicly clarify 3AC held no Foundation treasury funds","source":"Avalanche (AVAX) Distances from 3AC Amid Insolvency Rumors — The Layer","source_url":"https://thelayer.xyz/avalanche-avax-distances-from-3ac-amid-insolvency-rumors/"},{"date":"2022-08-29","event":"CryptoLeaks publishes whistleblower report alleging Ava Labs secretly paid Roche Freedman LLP in AVAX tokens and equity to file class-action lawsuits against crypto competitors; AVAX drops approximately 11%. Ava Labs CEO Emin Gün Sirer denies all allegations.","source":"AVAX Drops 11% After Whistleblower Says Avalanche Weaponized Litigation — CoinDesk","source_url":"https://www.coindesk.com/markets/2022/08/29/crypto-coin-avax-drops-11-after-self-described-whistleblower-says-avalanche-weaponised-litigation-against-rivals"},{"date":"2022-08-31","event":"Kyle Roche withdraws from class-action lawsuits against Tether, Bitfinex, Tron, and BitMEX in the aftermath of CryptoLeaks allegations","source":"Crypto Lawyer Kyle Roche Withdraws From Tether, Bitfinex, TRON and BitMEX Lawsuits — CoinDesk","source_url":"https://www.coindesk.com/business/2022/08/31/crypto-lawyer-kyle-roche-withdraws-from-tether-bitfinex-tron-and-bitmex-lawsuits-after-cryptoleaks-scandal"},{"date":"2023-02-17","event":"Two Avalanche-ecosystem DeFi protocols exploited in a single day: Platypus Finance loses $9.19 million; Dexible loses approximately $1.5 million. French police subsequently arrest two individuals linked to the Platypus hack.","source":"French Police Arrest Hackers Allegedly Associated With Exploit of Avalanche-Based DeFi Protocol — The Daily Hodl","source_url":"https://dailyhodl.com/2023/02/28/french-police-arrest-hackers-allegedly-associated-with-exploit-of-avalanche-based-defi-protocol/amp/"},{"date":"2023-03-24","event":"Avalanche network experiences temporary outage during scheduled software upgrade affecting C-Chain and X-Chain","source":"Avalanche operational again after 5 hour outage — Blockworks","source_url":"https://blockworks.co/news/avalanche-blockchain-downtime"},{"date":"2023-10-07","event":"Stars Arena, an Avalanche-based social token platform, loses approximately $2.9 million in AVAX tokens in a smart contract exploit; smart contract balance reduced to $0.051","source":"Avalanche project Stars Arena suffers $2.9M exploit — CryptoSlate","source_url":"https://cryptoslate.com/avalanche-project-stars-arena-suffers-2-9m-exploit-leaving-smart-contract-with-just-0-051/"},{"date":"2024-02-23","event":"Avalanche C-Chain halts block production for approximately five hours due to a mempool gossip management bug introduced in v1.10.18; normal operations restored by midday ET","source":"Avalanche Is Back Up After Failing to Produce Block for Four Hours — CoinDesk","source_url":"https://www.coindesk.com/business/2024/02/23/avalanche-suffers-outage-fails-to-produce-block-for-almost-two-hours"},{"date":"2025-02-19","event":"Security researcher James Edwards publicly releases a disputed four-part technical report alleging a zero-day cryptographic signature vulnerability in AvalancheGo; Ava Labs disputes the findings","source":"Researcher publishes Ava Labs Avalanche zero-day vulnerability — CoinGeek","source_url":"https://coingeek.com/researcher-publishes-ava-labs-avalanche-zero-day-vulnerability-says-entire-protocol-compromised/"},{"date":"2025-03-01","event":"VanEck files S-1 for spot Avalanche ETF (ticker: VAVX) on Nasdaq with staking provisions","source":"VanEck's new Avalanche ETF filing to include staking rewards — CoinDesk","source_url":"https://www.coindesk.com/business/2025/12/20/vaneck-s-new-avalanche-etf-filing-to-include-staking-rewards-for-avax-investors"},{"date":"2026-03-17","event":"SEC and CFTC issue joint final rule classifying AVAX and 15 other crypto assets as digital commodities, resolving prior securities classification uncertainty and enabling institutional products including ETFs and regulated staking","source":"Avalanche Price Prediction as SEC Names AVAX a Digital Commodity — BanklessTimes","source_url":"https://www.banklesstimes.com/articles/2026/03/18/avalanche-price-prediction-as-sec-names-avax-a-digital-commodity/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision d832964e-a579-4bff-bb1a-a57517c4685ccopy
2. #2reviewby reviewerreviewer

   2026-06-08 01:35:41Z
   Score: 62 → 62 (no score change)
   The Avalanche investigation page is broadly well-sourced and factually accurate on its major claims — funding rounds, the 2022 CryptoLeaks scandal, network vulnerability disclosures, outages, and tokenomics. The most material error is the claim that AVAX ETF approvals were 'pending as of the investigation date' when in fact VanEck VAVX launched January 26, 2026, Grayscale GAVA launched March 12, 2026, and Bitwise BAVA received exchange certification April 14, 2026 — all before the June 2026 investigation date. Secondary issues include the defamation judgment year (stated as 2021 but awarded May 2023), a one-day error in the Platypus Finance exploit date (timeline says Feb 17, sources confirm Feb 16), and the Avalanche9000 upgrade being dated 2025-2026 when it activated December 16, 2024. The thelayer.xyz source cited for the 3AC claim returned connection refused, constituting link rot for that citation.
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   ●mainnet-betaslot 425,012,432

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   3LY8CADjkBk3…9tAUkWn2copyexplorer ↗

   hash

   FwL6ScniFUVy…SKzgPwhpcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1261 B) ▸

   {"actor":"reviewer","decided_at":"2026-06-08T01:35:41.551Z","decision":"review","investigation_id":"c671e84d-553e-41a5-85b4-ce818806fac0","new_score":62,"page_slug":"avalanche","prev_score":62,"reason":"The Avalanche investigation page is broadly well-sourced and factually accurate on its major claims — funding rounds, the 2022 CryptoLeaks scandal, network vulnerability disclosures, outages, and tokenomics. The most material error is the claim that AVAX ETF approvals were 'pending as of the investigation date' when in fact VanEck VAVX launched January 26, 2026, Grayscale GAVA launched March 12, 2026, and Bitwise BAVA received exchange certification April 14, 2026 — all before the June 2026 investigation date. Secondary issues include the defamation judgment year (stated as 2021 but awarded May 2023), a one-day error in the Platypus Finance exploit date (timeline says Feb 17, sources confirm Feb 16), and the Avalanche9000 upgrade being dated 2025-2026 when it activated December 16, 2024. The thelayer.xyz source cited for the 3AC claim returned connection refused, constituting link rot for that citation.","score_delta":0,"sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 93ae7f2d-586c-4143-a23c-e94d2313c5dacopy
3. #3review reviseby judgejudge

   2026-06-08 01:35:41Z
   Score: 62 → 52 (-10)
   The reviewer confirmed 17 of 27 claims outright, with strong Tier 1 sourcing across funding rounds, the CryptoLeaks scandal, network outages, and tokenomics. The most material error is in the Regulatory Status section (claim_findings[24]): the page states ETF approvals were 'pending as of the investigation date' when all three named AVAX ETFs (VanEck VAVX, Grayscale GAVA, Bitwise BAVA) had launched on Nasdaq before June 2026 — a demonstrably stale and affirmatively incorrect statement flagged as a high-priority coverage gap. Secondary issues include the defamation judgment year error (claim_findings[3], page says 2021 but judgment was issued May 2023), two unverifiable DeFi claims with no dedicated sourcing (claim_findings[20] Dexible, claim_findings[29] VanEck VBILL), a one-day date error in the Platypus Finance timeline entry (claim_findings[19]), and the Avalanche9000 upgrade being attributed to '2025-2026' when it activated December 2024. One citation (thelayer.xyz for the 3AC claim) returned link rot but the underlying fact was independently corroborated. The core investigative record is sound; the page requires targeted corrections before the regulatory and ETF sections are accurate.
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   ●mainnet-betaslot 425,012,435

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   2g72Vz4SvQbY…KtLZeLNycopyexplorer ↗

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   Ev4Z3yfDZZVo…dfTXTHH6copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1559 B) ▸

   {"actor":"judge","decided_at":"2026-06-08T01:35:41.551Z","decision":"review_revise","investigation_id":"c671e84d-553e-41a5-85b4-ce818806fac0","new_score":52,"page_slug":"avalanche","prev_score":62,"reason":"The reviewer confirmed 17 of 27 claims outright, with strong Tier 1 sourcing across funding rounds, the CryptoLeaks scandal, network outages, and tokenomics. The most material error is in the Regulatory Status section (claim_findings[24]): the page states ETF approvals were 'pending as of the investigation date' when all three named AVAX ETFs (VanEck VAVX, Grayscale GAVA, Bitwise BAVA) had launched on Nasdaq before June 2026 — a demonstrably stale and affirmatively incorrect statement flagged as a high-priority coverage gap. Secondary issues include the defamation judgment year error (claim_findings[3], page says 2021 but judgment was issued May 2023), two unverifiable DeFi claims with no dedicated sourcing (claim_findings[20] Dexible, claim_findings[29] VanEck VBILL), a one-day date error in the Platypus Finance timeline entry (claim_findings[19]), and the Avalanche9000 upgrade being attributed to '2025-2026' when it activated December 2024. One citation (thelayer.xyz for the 3AC claim) returned link rot but the underlying fact was independently corroborated. The core investigative record is sound; the page requires targeted corrections before the regulatory and ETF sections are accurate.","score_delta":-10,"sequence_num":3,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 5bcf7ffb-5925-44b4-a9bc-3e4b91d3d488copy