DeFi100
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 12 → 32. Problems weighed by who is responsible: the subject's own conduct −25, concerns that are not fraud −18, problems around the subject, caused by others −3.9; legitimacy credit audits +4. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -25 |
| Concerns that are not fraud | -18 |
| Problems around it, caused by others | -3.9 |
| Audited | +4 |
| Sum | 22 |
Score: 32/100 (kept between 0 and 100)
How scoring works →Summary
DeFi100 (ticker: D100) was a synthetic index fund and elastic-supply rebase token launched on Binance Smart Chain in February 2021 by an anonymous developer group operating under the name Wrapp3d. On May 22, 2021, the project's website displayed a profane message claiming to have scammed investors, which the team attributed to a website hack rather than an intentional exit; the widely cited $32 million loss figure originated from an unverified Twitter claim and is contradicted by the project's own market-cap data, which placed its peak capitalization below $2 million. The project is effectively abandoned, and its token has lost more than 99% of its all-time-high value.
Connected Entities
2 entities · 60 linked investigations- DeFi100→mentioned with→Binance(65%)
Connected Through
1 shared actor · 491 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
Timeline(8 events)
December 2020
DeFi100 arrives on Twitter, establishing its social media presence approximately six months before the crisis.
Fox Business24 February 2021
DeFi100 D100 token launches via Initial Jetfuel Offering (IJO) on the Jetfuel Finance launchpad on BSC. Smart contract audited by Solidity Finance. Liquidity locked for 11 months.
Jetfuel Finance Medium / SourceHat AuditFebruary 2021
D100 token reaches all-time high price of approximately $3.50–$3.53 shortly after launch.
Finance MagnatesMarch 2021
D100 token crashes to approximately $0.12, a decline of roughly 97% from peak within weeks of launch.
AtoZ Markets22 May 2021
A message purportedly reading 'WE SCAMMED YOU GUYS AND YOU CANT DO SHIT ABOUT IT HAHA,' signed 'DEVISIN,' appears on the DeFi100 website. Screenshots circulate on social media. Twitter account 'Mr. Whale' alleges $32 million in investor funds were stolen, without citing a source.
CoinDesk23 May 2021
The scam message is removed from the DeFi100 website. D100 token falls 25% in 24 hours to approximately $0.08. The official DeFi100 Twitter account claims the website was hacked and denies any exit scam, stating the project's market cap never exceeded $2 million.
Finance Magnates / FullyCrypto24 May 2021
Major outlets including Fox Business and Yahoo Finance (via CoinDesk) publish reports on the incident. CertiK's security tracking continues to list DeFi100 as a rug pull.
Fox BusinessJune 2021
Project issues further statements denying exit scam; claims it is working to revive the protocol. No substantive recovery activity is subsequently documented.
Quadriga Initiative Case StudyDecision Log
- slot 455357316 · hash BFvJq4FnGdEAwNMVTsAwSzKvxcsPdPoWtkusrBKirGk6
- slot 423426486 · hash FnMcpdF5oQsNFQ9QveR4Eqynfo5s9XhsjKKokCDyLCjn
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 15 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/31/2026, 6:13:18 PM
last updated: 10/10/2026, 6:39:29 PM
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