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Elephant Money

avoid.net/elephant-money→10/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·LpXV3Y…Emgn

Summary

Elephant Money is a Binance Smart Chain DeFi protocol offering the ELEPHANT reward token and TRUNK stablecoin that suffered a $22.2 million flash loan price-manipulation exploit in April 2022, with stolen funds laundered through Tornado Cash. Independent analysts have additionally alleged that the protocol's yield mechanics constitute a structurally unsustainable Ponzi scheme dependent on continuous new capital inflows.

Connected Entities

6 entities · 3 linked investigations
Wallets
◇547Jj6…8PCW◇Elephant Money Stable (Wormhole) (TRUNK)◇4kAyG7…mPay
Organizations
□Elephant Money
Tokens
♦Elephant Money Stable (Wormhole)
Protocols
⌂Raydium AMM Authority
Relationships
  • Elephant Money Stable (Wormhole) (TRUNK)→associated with→Elephant Money(80%)
  • + 3 more
Also appears in
ACT·28Dash·45JELLY·5

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about Elephant Money?

Timeline(9 events)

2021-03-26

CertiK audit completed; protocol receives 30/100 security score with 8 findings, all left unresolved

2021-05-01

Elephant Money launches on Binance Smart Chain with ELEPHANT token and TRUNK stablecoin

2022-03-29

Founder 'Bankteller' conducts public AMA, describes protocol as valued at $3.5 billion and claims no other developers on team

2022-04-12

Flash loan price manipulation exploit drains $11.2–$22.2 million from protocol reserves; attacker address funded via Tornado Cash; ELEPHANT token drops 76–88%

2022-04-13

Stolen funds bridged to Ethereum and laundered through Tornado Cash; approximately 3,472 ETH ($10M) moved off-chain

2022-04-18

De.fi publishes full analysis placing total losses at $22.2 million including 30.4 trillion ELEPHANT tokens not disclosed in official post-mortem

2022-04-01

HackLaddy publishes analysis alleging Ponzi structure, calling 205% APY unsustainable and dependent on new investor capital

2023-12-26

HackLaddy publishes follow-up analysis after Elephant Money revamp, maintaining allegations of structurally unsustainable yield and Ponzi mechanics

2026-05-19

ELEPHANT token trades near $0.000000074 with ~$20M market cap; TRUNK remains significantly depegged; redemptions available only via managed queue

Provenance & Audit Trail
Anchored on SolanaVerify on-chainsrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:50 AM

last updated: 5/19/2026, 8:59:35 PM

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