DeFi100
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
1 entities · 10 linked investigationsTimeline(8 events)
2020-12
DeFi100 arrives on Twitter, establishing its social media presence approximately six months before the crisis.
Fox Business2021-02-24
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 Audit2021-02
D100 token reaches all-time high price of approximately $3.50–$3.53 shortly after launch.
Finance Magnates2021-03
D100 token crashes to approximately $0.12, a decline of roughly 97% from peak within weeks of launch.
AtoZ Markets2021-05-22
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.
CoinDesk2021-05-23
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 / FullyCrypto2021-05-24
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 Business2021-06
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
- hash: FnMcpdF5oQsNFQ9QveR4Eqynfo5s9XhsjKKokCDyLCjn
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/31/2026, 6:13:18 PM
last updated: 5/31/2026, 6:13:22 PM
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