Exactly Protocol
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: approve): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 61 → 67. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -10 |
| Problems around it, caused by others | -1.7 |
| Long-running | +4 |
| Sum | 57 |
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 67/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 4 of 7 claims confirmed · 3 need better sources
anchored·1JtUEC…1LM2Summary
Exactly Protocol is a decentralized lending and borrowing platform offering both fixed- and variable-rate markets, originally launched on Ethereum in November 2022 and expanded to Optimism in March 2023. In August 2023 it suffered a roughly $7.3 million exploit of its DebtManager contract; the team has since published audit history, offered a bounty for information on the attacker, and pivoted toward a consumer product (the Exa App and Exa Card) built on the same lending infrastructure. No confirmed user compensation or fund recovery was found in available reporting.
Connected Entities
7 entities · 60 linked investigations- Across Protocol→mentioned with→Ethereum(70%)
- Across Protocol→mentioned with→Optimism(60%)
- ZachXBT→mentioned with→Ethereum(70%)
- Optimism→mentioned with→Ethereum(80%)
- Synthetix→mentioned with→Optimism(75%)
- Synthetix→mentioned with→Ethereum(80%)
- Exactly Protocol→mentioned with→Across Protocol(80%)
- Exactly Protocol→mentioned with→ZachXBT(70%)
- Exactly Protocol→mentioned with→Synthetix(60%)
- Exactly Protocol→mentioned with→Optimism(80%)
- + 1 more
Timeline(6 events)
March 2023
Exactly Protocol expanded to the Optimism (OP Mainnet) network.
Exactly Protocol descriptor pages14 August 2023
Exactly Protocol reaches an all-time-high total value locked of approximately $39.8 million, days before the exploit.
DefiLlamaAugust 2023
Attacker exploits a validation flaw in Exactly's DebtManager periphery contract, draining approximately $7.2-7.3 million in ETH; the team pauses the protocol.
CointelegraphAugust 2023
Exactly announces a $700,000 bounty for information leading to recovery of the stolen funds and identification of the attacker, after an earlier offer letting the attacker keep a 10% fee went unanswered.
CryptoNewsFebruary 2025
Uphold and Exactly announce a proposed partnership, approved by the Exactly DAO, to launch a crypto-collateralized credit card starting in Latin America.
CryptoSlateDecision Log
- slot 464285944 · hash HbUCtvNFRPhP9LTq4Ki7hyJMBVD7ZZ93q662Dc3dZAuX
- slot 464285939 · hash 9jm92LfeQ2NXWUMamYYWHnMoSj9KeT7QxqitPeBQ87k6
- slot 464285934 · hash G2Ej4at3onnG39TqK3Sy6R4Npe2CvijEf4cyUDWimKwL
- slot 464285482 · hash FaoFosGmAvRj22FfNLLkE9Hh4rrM7tkwvjBnsZZrTf1
- slot 455365786 · hash 7Y4qfBsPKrv4UWAKrQRepVoYjVdHZuhFmFrQq7BFe1C1
- slot 422743549 · hash 5nj7GVZUYoZqeLZWPby2gJQPhA8YRvsFSbZrSLd8RWGn
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 19 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/4/2026, 2:54:38 AM
last updated: 11/2/2026, 12:00:25 AM
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