Eleven Finance
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 59 → 63. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -0.8 |
| Sum | 58 |
- 2 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 63/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 3 of 5 claims confirmed · 2 need better sources
anchored·2jyiUm…KEFMSummary
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
8 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- Fantom (Sonic Labs)→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- Eleven Finance→mentioned with→Ethereum(65%)
- Eleven Finance→mentioned with→ZachXBT(70%)
- Eleven Finance→mentioned with→Solana(60%)
- Eleven Finance→mentioned with→Binance(70%)
- Eleven Finance→mentioned with→Polygon(65%)
- Eleven Finance→mentioned with→Arbitrum(60%)
- + 7 more
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.
Decision Log
- slot 464448707 · hash 7Puc5GTzQvUPr95uQ2ACqn4quJcZYTjaimPbSzhbUhnC
- slot 464448702 · hash oq4vmmuCoiEDQF6ibFyqaj9XsL1D8HAC7mHHKTBaXq7
- slot 464448696 · hash CPytv2iVQD1bm2JYx7ySQUkBGyNNHnHL2JMuPzRVnPku
- slot 455368061 · hash 3XBHSVNnrpZTdSgsU98at1sRTr15HBZunDUi6Ke8u8K4
- slot 422769704 · hash JAb98GpYRHfbb5ZCDZ7ZJkC3mfPq8BesYdrt1gZcCf4
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 9 of 10 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:56 AM
last updated: 11/2/2026, 9:41:38 AM
5 viewsavoid.net — verified advice for a post-truth world