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Eleven Finance

avoid.net/eleven-finance→32/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·2jyiUm…KEFM

Summary

Eleven Finance is a yield optimizer and leveraged yield farming protocol deployed on Binance Smart Chain (BSC) and Polygon. On June 22, 2021, attackers exploited a critical smart contract vulnerability in the protocol's Nerve-partnership vaults, draining approximately $4.5–4.8 million. The team published a recovery plan, repaid an initial 25% tranche from personal debt, and later announced full principal recovery; however, the ELE token has since lost over 99% of its value from its all-time high, and the protocol appears largely inactive.

Connected Entities

1 entities · 10 linked investigations
Protocols
⌂Eleven Finance
Relationships
    Also appears in
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    Have evidence about Eleven Finance?

    Timeline(8 events)

    April 2021

    Eleven Finance publishes April 2021 update detailing vault ecosystem on BSC and Polygon, introducing the ELE token and Bigfoot leveraged yield farming platform.

    22 June 2021

    Attacker exploits the emergencyBurn() vulnerability in six Nerve-partnership vaults on BSC. Approximately $4.5–4.8 million is drained via flash loan attack. Attacker bridges proceeds to Ethereum via the Nerve bridge.

    24 June 2021

    Eleven Finance publishes post-mortem acknowledging developer oversight as root cause. Confirms NRV vaults represented 4% of total TVL and that remaining vaults continued operating. Bigfoot/BigFoot platform taken offline temporarily.

    25 June 2021

    A self-described whitehat hacker returns 849.2 BNB (~$252,000) to the Eleven Finance deployer address.

    July 2021

    Eleven Finance publishes full Recovery Plan. Phase 1 distributes 25% of losses (~$1.2M) to affected users. Team announces personal debt assumption and 11RV token structure for Phase 2 compensation.

    19 July 2021

    CertiK delivers audit of Eleven Finance lending bank contracts. Exploited vault contracts were not in audit scope.

    4 October 2021

    Eleven Finance announces full recovery of exploited funds. Phase 2 distribution planned to bring users near 100% compensation in BUSD.

    2022

    Team reports full compensation repayment to affected Nerve Vault exploit users, approximately 3 months ahead of initial estimate.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain9 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 9 of 10 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:56 AM

    last updated: 8/29/2026, 1:35:49 AM

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