Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·2PZFzA…x5RASummary
EasyFi was a Layer 2 DeFi lending protocol operating on Polygon Network, forked from Compound Finance, that suffered one of the largest DeFi hacks of 2021 when an attacker compromised the CEO's MetaMask admin keys on April 19, 2021, stealing approximately $81 million in EASY tokens and stablecoins. The protocol attempted a hard fork and compensation plan, but a significant portion of token holders on decentralized exchanges alleged they remained uncompensated, and community members raised concerns about transparency, censorship of dissent, and the fundamental security failure of managing over $100 million in assets through a single admin key held in a browser extension. ZachXBT has flagged EasyFi as a high-risk entity.
Connected Entities
10 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- EasyFi Network→mentioned with→Bitcoin(65%)
- EasyFi Network→mentioned with→EasyFi(80%)
- EasyFi Network→mentioned with→Ethereum(70%)
- EasyFi Network→mentioned with→Binance(65%)
- EasyFi Network→mentioned with→Polygon(70%)
- Paxful→mentioned with→Bitcoin(70%)
- Binance→mentioned with→Ethereum(65%)
- Paxful→mentioned with→Noones(70%)
- Noones→mentioned with→Paxful(70%)
- + 18 more
Timeline(11 events)
2020
EasyFi founded by Ankitt Gaur and Anshul Dhir as a Compound Finance fork on Polygon (Matic) Network.
April 2021
EasyFi launched on Binance Smart Chain and partnered with PancakeSwap for yield farming incentives, becoming a Binance Innovation Zone project.
19 April 2021
Attacker compromised CEO Ankitt Gaur's computer and extracted MetaMask admin seed phrase, stealing 2.98 million EASY tokens (~$75M) and $6M in stablecoins from liquidity pools. Total loss estimated at ~$81 million.
20 April 2021
EasyFi publicly disclosed the hack. CEO Ankitt Gaur posted a security incident report on Medium. Deposits and withdrawals suspended. Gaur offered a $1 million bounty for return of funds.
20 April 2021
EASY token price dropped approximately 50%, falling from ~$25 to ~$13.50 within 24 hours of disclosure.
27 April 2021
Binance halted EASY trading pairs and took a snapshot of user holdings, distributing new EZ tokens at a 1:1 ratio to eligible holders.
28 April 2021
EasyFi executed a hard fork, launching EZ token (v2) and rendering the attacker's stolen EASY tokens worthless on the new contract. Ticker changed from EASY to EZ.
May 2021
Stolen funds traced through Ren Bridge to Ethereum, converted to ~123 Bitcoin, laundered via Chipmixer, and deposited to Binance and P2P exchanges (Noones, Paxful).
8 May 2021
EasyFi revealed community compensation plan: 25% immediate stablecoin payout, 75% in EZ IOU tokens redeemable for EZ v2. Users on decentralized exchanges alleged they were categorized as ineligible for full 1:1 swap compensation.
May 2021
Community members published accounts alleging bans from EasyFi Telegram for asking critical questions and alleged discriminatory compensation treatment for DEX users.
2022
EasyFi published 2022 roadmap indicating continued development plans. Protocol activity and community engagement reportedly declined significantly following the hack.
Decision Log
- hash: 6wxLw1yWcuRn4yTuCHYLtUpsQTHS7XxFbgkhPe4ue6JF
This investigation is cryptographically anchored to the Solana blockchain (1 event). 13 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:58 AM
last updated: 8/30/2026, 4:47:12 PM
5 viewsavoid.net — verified advice for a post-truth world