Clockwork
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 68 → 50. Problems weighed by who is responsible: problems around the subject, caused by others −3.1; legitimacy credit long-running +4, regulated +5; no longer operating, so capped at 50. Version history →
Why this score
| Every page starts at | 65 |
| Problems around it, caused by others | -3.1 |
| Long-running | +4 |
| Regulated | +5 |
| Sum | 71 |
- No longer operating, so capped at 50.
Score: 50/100 (kept between 0 and 100)
How scoring works →Summary
Clockwork was a Solana-based smart-contract automation protocol that allowed developers to schedule transactions and build event-driven on-chain programs without relying on centralized cloud infrastructure. Founded in 2021 as Cronos and rebranded in 2022, the project raised $4 million in seed funding from Multicoin Capital, Asymmetric, and Solana Ventures before its founder announced an orderly shutdown effective October 31, 2023, citing limited commercial upside. No fraud, security exploits, or regulatory actions have been identified; the shutdown is assessed as a voluntary wind-down of a legitimate infrastructure project.
Connected Entities
4 entities · 60 linked investigations- Clockwork→mentioned with→Helius(70%)
- Clockwork→mentioned with→Solana(80%)
- Helius→mentioned with→Solana(80%)
- Clockwork→mentioned with→Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit(70%)
Connected Through
4 shared actors · 372 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Heliusorganization
- □Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploitorganization
- □Clockworkorganizationalso in
Timeline(6 events)
September 2021
Nick Garfield founds the project, initially under the name Cronos, with a focus on payment automation programs on Solana.
CoinDesk / The Block funding coverageMarch 2022
Cronos wins the Grand Champion prize ($65,000 USDC) at the Solana Riptide global hackathon, gaining ecosystem recognition.
Solana Media — Riptide Hackathon Winners30 August 2022
Clockwork (formerly Cronos) closes a $4 million seed round co-led by Multicoin Capital and Asymmetric, with Solana Ventures participating.
CoinDesk28 August 2023
Founder Nick Garfield publicly announces the team is stepping away from active development and will shut off all nodes on October 31, 2023, citing 'limited commercial upside.'
CoinDesk31 October 2023
Clockwork shuts down all devnet and mainnet worker nodes as announced. The codebase remains open-source on GitHub.
CoinTelegraph / CryptoPotato7 February 2024
GitHub shows release v2.0.19 tagged, indicating post-shutdown community maintenance activity on the open-source repository.
GitHub — clockwork-xyz/clockwork releasesDecision Log
- slot 455370671 · hash Fw7catWEXYxio7Ec8QkNbfNjWHTEW3SvajLTMzBwaLtZ
- slot 425209125 · hash AFHdu3qHSjuyrSSUBGj8QWA7trwU6kSLM89JFNgbrARK
- slot 425209122 · hash 92qdqa1SazAjLGq7JRqFxzGDZPWQHaHHxMMD1TME8jKi
- slot 424178322 · hash 7XzF7dBkT3jZ6zbkcEnyaUGKPZXhhgfoxdVtHsPjzeXP
- slot 424178319 · hash 7pTSUMMR5htAnv6H8ypAQ1j8fVje41FVLm4sXaz89AE4
- slot 423453979 · hash 284FW79hZ2kXF9RPWduuvYThfgg637qodNjR8bjbtGZX
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 14 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/31/2026, 9:15:14 PM
last updated: 10/10/2026, 6:50:28 PM
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