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Conic Finance1 decision on this page

Audit log

Every state-changing event for Conic Finance: 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
    2026-05-28 15:33:50Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 422,748,333
    sig
    uDqtAxGpffpD…BMT5pDsrexplorer ↗
    hash
    BQ7vBuBUpDW7…KcutBVEFsha256 → base58
    verifying row…full verify ↗
    canonical bytes (10091 B) ▸
    {"actor":"system:backfill","investigation_id":"be1e3585-ce18-4b16-a724-d62698d5ac27","kind":"publish","page_slug":"conic-finance","published_at":"2026-05-28T15:33:50.467Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Conic Finance","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/markets/2023/03/08/curve-yield-farmers-rush-to-deploy-60m-on-newly-launched-conic-finance-capture-21-apy-on-usd-coin","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@ConicFinance/conic-raises-1m-f88ad30460fd","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/conic-finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/5FZAakbsUVg1EyHLNw9Qnm-conic-finance-incident-analysis","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2023/07/21/defi-protocol-conic-finance-hacked-for-1700-ether","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-conic-finance-hack-july-2023","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/conic-finance-rekt","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/5FZAakbsUVg1EyHLNw9Qnm-conic-finance-incident-analysis","type":"other","url":""},{"credibility":3,"name":"https://www.merklescience.com/blog/hack-track-investigating-conic-finance-flow-of-funds","type":"other","url":""},{"credibility":3,"name":"https://immunebytes.com/blog/conic-finance-detailed-hack-analysis-july-21/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-conic-finance-hack-july-2023","type":"other","url":""},{"credibility":3,"name":"https://www.chainsecurity.com/security-audit/conic-protocol","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@ConicFinance/conic-is-shutting-down-70482910a5d1","type":"other","url":""},{"credibility":3,"name":"https://immunebytes.com/blog/conic-finance-detailed-hack-analysis-july-21/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/markets/2023/12/12/defi-platform-conic-finances-cnc-token-surges-50-as-the-protocol-plots-comeback-after-hack","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/149532/hackers-drain-3-2m-in-ethereum-from-defi-protocol-conic-finance","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@ConicFinance/conic-is-shutting-down-70482910a5d1","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@ConicFinance/conic-is-shutting-down-70482910a5d1","type":"other","url":""},{"credibility":3,"name":"https://www.dlnews.com/articles/defi/conic-calls-it-quits-after-failing-to-fix-security-flaws/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.certik.com/resources/blog/5FZAakbsUVg1EyHLNw9Qnm-conic-finance-incident-analysis","type":"other","url":""},{"credibility":3,"name":"https://www.merklescience.com/blog/hack-track-investigating-conic-finance-flow-of-funds","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d","type":"other","url":""}]}],"sources_used":[{"credibility":1,"name":"Conic Finance Post-Mortem — ETH and crvUSD Omnipool Exploits","type":"official","url":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d"},{"credibility":1,"name":"Conic is shutting down — Conic Finance Medium","type":"official","url":"https://medium.com/@ConicFinance/conic-is-shutting-down-70482910a5d1"},{"credibility":1,"name":"DeFi Protocol Conic Finance Hacked for 1,700 Ether — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2023/07/21/defi-protocol-conic-finance-hacked-for-1700-ether"},{"credibility":2,"name":"Conic Finance Incident Analysis — CertiK","type":"research","url":"https://www.certik.com/resources/blog/5FZAakbsUVg1EyHLNw9Qnm-conic-finance-incident-analysis"},{"credibility":2,"name":"Explained: The Conic Finance Hack (July 2023) — Halborn Security","type":"research","url":"https://www.halborn.com/blog/post/explained-the-conic-finance-hack-july-2023"},{"credibility":2,"name":"Hack Track: Investigating Conic Finance Flow of Funds — Merkle Science","type":"on_chain","url":"https://www.merklescience.com/blog/hack-track-investigating-conic-finance-flow-of-funds"},{"credibility":2,"name":"Conic Finance — Rekt News","type":"news_article","url":"https://rekt.news/conic-finance-rekt"},{"credibility":2,"name":"Conic Finance suffers $3m exploit — DL News","type":"news_article","url":"https://www.dlnews.com/articles/defi/conic-finance-suffers-exploit-similar-to-the-dao-hack/"},{"credibility":2,"name":"Conic Finance shuts down more than a year after $3m exploits — DL News","type":"news_article","url":"https://www.dlnews.com/articles/defi/conic-calls-it-quits-after-failing-to-fix-security-flaws/"},{"credibility":2,"name":"Curve omnipool platform Conic Finance hacked for $3.2M in ETH — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/eth-curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth"},{"credibility":2,"name":"Hackers Drain $3 Million in Ethereum From DeFi Protocol Conic Finance — Decrypt","type":"news_article","url":"https://decrypt.co/149532/hackers-drain-3-2m-in-ethereum-from-defi-protocol-conic-finance"},{"credibility":2,"name":"Conic Finance drained of $3.2 million in security attack — The Block","type":"news_article","url":"https://www.theblock.co/post/240917/conic-finance-security-attack"},{"credibility":1,"name":"Conic Finance raises $1m — Medium","type":"official","url":"https://medium.com/@ConicFinance/conic-raises-1m-f88ad30460fd"},{"credibility":1,"name":"DeFi Platform Conic Finance CNC Token Surges 50% — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2023/12/12/defi-platform-conic-finances-cnc-token-surges-50-as-the-protocol-plots-comeback-after-hack"},{"credibility":2,"name":"Conic Finance Detailed Hack Analysis — ImmuneBytes","type":"research","url":"https://immunebytes.com/blog/conic-finance-detailed-hack-analysis-july-21/"},{"credibility":2,"name":"Conic Finance — DefiLlama","type":"on_chain","url":"https://defillama.com/protocol/conic-finance"}],"summary":"Conic Finance was a DeFi liquidity-diversification protocol built on Curve Finance that allowed users to deposit assets into Omnipools across multiple Curve pools. On July 21, 2023, the protocol suffered two separate exploits totaling approximately $4.2 million — a $3.26 million read-only reentrancy attack on its ETH Omnipool and a subsequent $300,000 sandwich attack on its crvUSD Omnipool — after which TVL never recovered. In March 2025, the team formally shut down the protocol, citing an inability to fix critical security issues in a planned v2 upgrade.","timeline":[{"date":"2023-03-08","event":"Conic Finance launches; attracts over $60 million TVL within days offering Curve Omnipool diversification with up to 21% APY on USDC","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2023/03/08/curve-yield-farmers-rush-to-deploy-60m-on-newly-launched-conic-finance-capture-21-apy-on-usd-coin"},{"date":"2023-07-04","event":"First minor exploit of $1,600 via pool manipulation — an early signal of pool imbalance vulnerabilities","source":"CertiK Incident Analysis","source_url":"https://www.certik.com/resources/blog/5FZAakbsUVg1EyHLNw9Qnm-conic-finance-incident-analysis"},{"date":"2023-07-21","event":"ETH Omnipool drained of 1,724 ETH (~$3.26 million) via read-only reentrancy exploit exploiting a WETH/ETH address mismatch in CurveLPOracleV2","source":"Conic Finance Post-Mortem / CoinDesk","source_url":"https://www.coindesk.com/tech/2023/07/21/defi-protocol-conic-finance-hacked-for-1700-ether"},{"date":"2023-07-21","event":"crvUSD Omnipool exploited for ~$934,000 (~$300k attacker profit) via sandwich attack hours after the ETH exploit; 9 ETH routed to Tornado Cash","source":"Conic Finance Post-Mortem / CertiK","source_url":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d"},{"date":"2023-07-21","event":"Conic pauses all Omnipools and disables deposits; publishes incident acknowledgment; MEV bot voluntarily returns ~81 ETH","source":"Conic Finance Medium / Rekt News","source_url":"https://rekt.news/conic-finance-rekt"},{"date":"2023-07-22","event":"Conic Finance publishes full post-mortem detailing root cause of both exploits and committing to v2 development with fresh audits","source":"Conic Finance Medium","source_url":"https://medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d"},{"date":"2023-12-12","event":"CNC token surges 50% as Conic announces comeback plans and v2 development progress; TVL shows partial recovery","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2023/12/12/defi-platform-conic-finances-cnc-token-surges-50-as-the-protocol-plots-comeback-after-hack"},{"date":"2025-03-07","event":"Conic Finance announces permanent shutdown; team cites inability to fix critical security issues in v2 despite audits by ChainSecurity and MixBytes; CNC token falls over 80% on the announcement","source":"Conic Finance Medium / DL News","source_url":"https://medium.com/@ConicFinance/conic-is-shutting-down-70482910a5d1"}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision c1affc7d-9b26-4d80-84f2-0bd06422c792
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.