Audit log

Every state-changing event for Cozy V2: 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

   2026-05-29 17:23:35Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,983,056

   sig

   31xUDY9FuRuY…ky2gVoMRcopyexplorer ↗

   hash

   BNmAMBMsxYZx…D91AYoL4copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (4564 B) ▸

   {"actor":"system:backfill","investigation_id":"97186db0-8236-479e-9311-19e65b30abae","kind":"publish","page_slug":"cozy-v2","published_at":"2026-05-29T17:23:35.877Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Cozy V2","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://mirror.xyz/cozy.eth/w24TU4ksefu7-jF1AGBrIbfeNKuZAH9v41aJw_VAr4g","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/cozy-v2","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/business/2020/09/03/defi-risk-management-startup-cozy-finance-debuts-with-2m-funding-round","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@cozyfinance/introducing-cozy-protection-markets-fc8f75636085","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.verichains.io/p/cozy-protocol-incident","type":"other","url":""},{"credibility":3,"name":"https://x.com/DecurityHQ/status/1961810726164533602","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/cozy-v2","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://x.com/DecurityHQ/status/1961810726164533602","type":"other","url":""},{"credibility":3,"name":"https://blog.verichains.io/p/cozy-protocol-incident","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.verichains.io/p/cozy-protocol-incident","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/cozy-v2","type":"other","url":""},{"credibility":3,"name":"https://github.com/Cozy-Finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/business/2020/09/03/defi-risk-management-startup-cozy-finance-debuts-with-2m-funding-round","type":"other","url":""},{"credibility":3,"name":"https://www.crunchbase.com/organization/cozy-finance","type":"other","url":""},{"credibility":3,"name":"https://www.crunchbase.com/person/payom-dousti","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.verichains.io/p/cozy-protocol-incident","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/cozy-v2","type":"other","url":""},{"credibility":3,"name":"https://v2.cozy.finance/","type":"other","url":""}]}],"sources_used":[],"summary":"Cozy V2 is a DeFi protection marketplace deployed on Optimism that allows users to buy or provide protection against smart contract hacks, depegs, and other on-chain risks. On August 29, 2025, the protocol suffered a $427,000 exploit caused by a missing caller verification check in its withdrawal logic, with funds subsequently bridged to Ethereum mainnet and deposited into Tornado Cash. The incident is notable for its irony: a protocol designed to insure against DeFi hacks was itself hacked through a preventable authorization flaw.","timeline":[{"date":"2020-09-03","event":"Cozy Finance announces $2M seed round led by Electric Capital; founders Tony Sheng and Payom Dousti publicly named.","source":""},{"date":"2021-09-01","event":"Cozy Finance V1 launches on Ethereum mainnet as an open-source protection market protocol.","source":""},{"date":"2023-03-13","event":"Euler Finance hacked for approximately $200M. Cozy V2 early-access Euler Finance market triggers and pays out to Protection Buyers, validating core trigger logic.","source":""},{"date":"2023-01-01","event":"Cozy V2 launches on Optimism (OP Mainnet) with redesigned permissionless protection marketplace architecture; V1 subsequently sunset.","source":""},{"date":"2025-08-28","event":"Victim initiates redemption of approximately $376,661 (redemption ID 6) on Cozy V2 on Optimism.","source":""},{"date":"2025-08-29","event":"Attacker exploits missing caller verification in `completeWithdraw` function, redirecting victim's redemption proceeds to attacker's address. Total loss reaches approximately $427,000.","source":""},{"date":"2025-08-30","event":"Decurity publicly reports the exploit on X, noting attacker bridged funds from Optimism to Ethereum mainnet and deposited into Tornado Cash.","source":""},{"date":"2025-08-30","event":"Verichains publishes detailed technical post-mortem of the Cozy Protocol incident, classifying the root cause as insufficient sender verification.","source":""}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 4c544921-2823-47bd-ac5e-10990ecd2ca9copy