EraLend
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, 43 → 45. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6 |
| Incidents it suffered (e.g. hacks) | -16 |
| Problems around it, caused by others | -0.3 |
| Long-running | +2 |
| Sum | 45 |
- 2 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 45/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 6 of 12 claims confirmed · 6 need better sources
anchored·4ofsyF…yXYfSummary
EraLend (formerly Nexon Finance) is a decentralized lending protocol on zkSync Era that suffered a $3.4 million read-only reentrancy exploit on July 25, 2023, draining its USDC pool due to a vulnerability in inherited SyncSwap oracle code. The protocol's pre-hack audit by PeckShield explicitly assumed a trusted price oracle, leaving the vulnerable oracle mechanism unexamined. EraLend relaunched post-hack with a fee-based compensation plan but has seen its TVL decline sharply to approximately $138,000 as of 2025-2026.
Connected Entities
5 entities · 60 linked investigations- Optimism→mentioned with→Arbitrum(65%)
- Optimism→mentioned with→Ethereum(80%)
- EraLend→mentioned with→Merlin DEX(75%)
- EraLend→mentioned with→Optimism(60%)
- EraLend→mentioned with→Ethereum(60%)
- EraLend→mentioned with→Arbitrum(60%)
- Merlin DEX→mentioned with→Ethereum(75%)
- Arbitrum→mentioned with→Optimism(65%)
- Arbitrum→mentioned with→Ethereum(80%)
Timeline(8 events)
9 February 2023
Nexon Finance public testnet launches on zkSync
March 2023
PeckShield audits Nexon Finance; audit assumes a trusted price oracle, leaving oracle mechanism unexamined
April 2023
Nexon Finance goes live on zkSync Era mainnet
20 May 2023
Nexon Finance rebrands to EraLend
25 July 2023
EraLend exploited via read-only reentrancy attack; approximately $3.4M stolen from USDC pool by attacker 0xf1D076c9Be4533086f967e14EE6aFf204D5ECE7a
26 July 2023
EraLend confirms attack, suspends borrowing, advises against USDC deposits; SlowMist engaged for asset tracing
8 August 2023
EraLend separates exploited contract into 'EraLend Classic' and relaunches new protocol without SyncSwap LP pool; 10% recovery reward offered
7 February 2024
EraLend announces partnership with Pyth Network — last known public communication
Decision Log
- slot 464370484 · hash FxuzZC9LrydUgsuJVim1gHuVnWJ7qXSi9533hERxM3LX
- slot 464370480 · hash FUpSQjMvaQf3pnh2HuZ83D98D4bzZcBLQEWLMZphbVtP
- slot 464370474 · hash 3JpzzHZyfTuaQRFeEn9uRYSJvXyyzKMDFkPgQffnEoJe
- slot 461966255 · hash 2WQF3Yuk5YSm1GNtTtEBBqRwdvhrkzEBM8KkBbG5Nqou
- slot 422748336 · hash 84xS76fDt98zX39tUv4fubfATHWXr91knWLBj7aYciik
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 10 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:40 AM
last updated: 11/2/2026, 5:02:25 AM
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