ChainSwap
Last changed 2026-11-03 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 50 → 54. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -8 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -1.6 |
| Long-running | +8 |
| Sum | 54 |
- 2 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 54/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-03 · 4 of 6 claims confirmed · 2 need better sources
anchored·BhrN1M…GUTtSummary
ChainSwap was a cross-chain token bridge protocol connecting Ethereum, Binance Smart Chain, and Huobi Eco Chain, which raised $3 million in April 2021 from investors including Alameda Research and NGC Ventures. The platform suffered two separate smart contract exploits in July 2021 — the first on July 2 draining approximately $800,000, and the second on July 10-11 draining approximately $4.4 million (with some sources citing up to $8 million across affected partner token markets) — collectively devastating more than 20 partner projects. Following the exploits, ChainSwap offered partial compensation via token airdrops; the project's native CHAINS/ASAP token collapsed over 96% from its all-time high and the protocol has since become largely inactive under its original identity, with the @ChainSwapERC Twitter handle rebranding to ChainHub in early 2026.
Connected Entities
6 entities · 60 linked investigations- Binance→mentioned with→Ethereum(65%)
- Alameda Research→mentioned with→Binance(70%)
- Alameda Research→mentioned with→Alameda(70%)
- Alameda→mentioned with→Alameda Research(80%)
- ChainSwap→mentioned with→Alameda Research(80%)
- Binance→mentioned with→Alameda Research(80%)
- Solana→mentioned with→Alameda Research(80%)
- ChainSwap→mentioned with→Ethereum(70%)
- ChainSwap→mentioned with→Binance(65%)
- ChainSwap→mentioned with→Solana(65%)
- + 5 more
Timeline(9 events)
21 March 2021
ChainSwap launches a Polkastarter bridge, signaling early multi-chain ambitions
7 April 2021
ChainSwap closes a $3 million strategic funding round led by NGC Ventures, with Alameda Research, OKEx Block Dream Fund, CMS Holdings, and others participating
23 April 2021
ASAP/CHAINS token reaches all-time high of approximately $3.62
2 July 2021
First exploit: smart contract vulnerability drained approximately $800,000. Bridge frozen within 30 minutes; ChainSwap pledges 1:1 ASAP airdrop to affected holders
10 July 2021
CHAINS token falls to all-time low of approximately $0.002 as second exploit begins; attacker address 0xEda5066780dE29D00dfb54581A707ef6F52D8113 begins draining 20+ tokens on Ethereum and BSC
11 July 2021
Second exploit confirmed: approximately $4.4 million drained directly, with broader market impact cited as high as $8 million. 16+ partner project tokens crash 85-99%. ChainSwap freezes bridge and mapping tokens
14 July 2021
ChainSwap announces expanded compensation plan: 1:1 ASAP airdrop, ~717,200 ASAP (~$150,000) liquidated from treasury for partner projects, and stablecoins from team fund. Commits to deep audit before reopening
November 2022
Alameda Research (ChainSwap investor) collapses amid the FTX fraud scandal, further tarnishing the credibility of entities in its investment portfolio
2026
The @ChainSwapERC Twitter account announces rebranding to ChainHub, pivoting to a Telegram trading bot platform for Solana and EVM networks
Decision Log
- slot 465091277 · hash 8PixTCjixmAwS3ydVmq4dDjdhCVUTe9gYJe7xxbv8VKG
- slot 465091272 · hash FgVGtYHccy1vHok5cR5Td4B4WxkiuBwbbYYQuRSnBdAB
- slot 465091266 · hash G5iXLwvPcRjYvUS6Xvwi2WZ2zicNiLUbNZh1BhMm6amK
- slot 455360102 · hash 96B9nSZ3MJmfMaicMpe6Ytb9ySoDDJfQWasUx7KAyBEK
- slot 422768092 · hash 7uFubgK9M8zCdbj3AAWvtqRhMTijLhKrHHsd34E9bVjY
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 11 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:53 AM
last updated: 11/3/2026, 11:55:52 PM
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