Convex Finance
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anchored·5sBgQq…a6dcSummary
Convex Finance is a decentralized finance yield-optimization protocol launched in May 2021 on Ethereum, designed to boost rewards for Curve Finance liquidity providers and CRV stakers by aggregating veCRV voting power. The protocol rapidly became one of the largest DeFi platforms by total value locked, peaking near $21 billion in January 2022, and accumulated controlling influence over Curve governance by holding approximately 47–50% of all veCRV supply at peak. The team has remained anonymous since launch, and the protocol experienced a critical multi-signature vulnerability in December 2021 — discovered and disclosed by OpenZeppelin — which was patched without any loss of user funds.
Connected Entities
10 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- Convex Finance→mentioned with→Polygon(65%)
- Convex Finance→mentioned with→Binance(60%)
- Convex Finance→mentioned with→Kraken(60%)
- Convex Finance→mentioned with→Ethereum(80%)
- Convex Finance→mentioned with→Coinbase(60%)
- Convex Finance→mentioned with→Arbitrum(65%)
- Binance→mentioned with→Ethereum(65%)
- Curve Finance→mentioned with→Ethereum(80%)
- Convex Finance→mentioned with→Frax Finance(80%)
- + 13 more
Connected Through
8 shared actors · 578 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □Binanceorganization
- ♦Coinbasetoken
- □Arbitrumorganization
Timeline(12 events)
May 2021
Convex Finance protocol goes live on Ethereum mainnet; records $68 million TVL in first month
IQ.wiki: Convex Finance11 November 2021
Mochi Finance executes governance attack using CVX voting power; Curve Emergency DAO kills Mochi gauge
CoinDesk14 December 2021
Critical $15 billion rug pull vulnerability discovered by OpenZeppelin and patched; publicly known signers added to multisig
OpenZeppelin2022
CVX token reaches all-time high of approximately $60.33; protocol TVL peaks near $21 billion
CoinDesk4 March 2022
Vote-locking bug disclosed by Popcorn; Convex forced to redeploy $12 billion smart contract and unlock all vlCVX
CoinDesk23 June 2022
Domain www.convexfinance.com hijacked via NameCheap social engineering attack; phishing site deployed; Convex sets up alternative URLs
CoinDesk19 March 2026
Azeem Ahmed (alleged Mochi Finance founder) sells 550,000 CVX on-chain; fraud allegations spanning four DeFi projects reported
Crypto.newsDecision Log
- slot 425177120 · hash CQfdynsWwkKDUV9cQuGmoMJ1RDRL7vzciAXxScChkKmu
- slot 425177117 · hash 756KN4CevuztNivibfH1YN4afMfHb6Sodqh7mVvJP8ca
- slot 423329516 · hash Cp18vk9k7cRMZj9rMVmsDKBnCDSRHS8qez9TEXUdBniF
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 17 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:32:09 AM
last updated: 5/31/2026, 7:32:09 AM
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