Audit log

Every state-changing event for Fantasm Finance: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-05-28 17:31:45Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,766,180

   sig

   31bEqpGBy74N…AwzEjm4bcopyexplorer ↗

   hash

   71kyEym78a5r…AYMchHowcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (7597 B) ▸

   {"actor":"system:backfill","investigation_id":"4028405b-748e-4c4a-b07f-c7441153b858","kind":"publish","page_slug":"fantasm-finance","published_at":"2026-05-28T17:31:45.741Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Fantasm Finance","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/03/10/fantom-based-algo-protocol-fantasm-exploited-for-26m","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@fantasmfinance/fantasm-finance-post-mortem-exploit-09-march-2022-daf48ead016f","type":"other","url":""},{"credibility":3,"name":"https://github.com/FantasmFinance/fantasm-contracts","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-fantasm-finance-hack-march-2022","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/5p92144WQ44Ytm1AL4Jt9X-fantasm-finance","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@fantasmfinance/fantasm-finance-post-mortem-exploit-09-march-2022-daf48ead016f","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/fantasmfinancecontractvulnerabilities.php","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/03/10/fantom-based-algo-protocol-fantasm-exploited-for-26m","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://u.today/fantoms-defi-fantasm-finance-fsm-exploited-26-million-lost","type":"other","url":""},{"credibility":3,"name":"https://beincrypto.com/fantasm-finance-loses-2-6-million-defi-exploit/","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/fantasm-xftm/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@fantasmfinance/fantasm-finance-post-mortem-exploit-09-march-2022-daf48ead016f","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/fantasmfinancecontractvulnerabilities.php","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/fantasm","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-fantasm-finance-hack-march-2022","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/03/10/fantom-based-algo-protocol-fantasm-exploited-for-26m","type":"other","url":""},{"credibility":3,"name":"https://github.com/FantasmFinance/fantasm-contracts","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.certik.com/resources/blog/5p92144WQ44Ytm1AL4Jt9X-fantasm-finance","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@fantasmfinance/fantasm-finance-post-mortem-exploit-09-march-2022-daf48ead016f","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/fantasmfinancecontractvulnerabilities.php","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/fantasm","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/fantasm-xftm/","type":"other","url":""},{"credibility":3,"name":"https://x.com/fantasm_finance","type":"other","url":""}]}],"sources_used":[{"credibility":2,"name":"Fantasm Finance Post Mortem: Exploit 09 March 2022 (Medium/Official)","type":"official","url":"https://medium.com/@fantasmfinance/fantasm-finance-post-mortem-exploit-09-march-2022-daf48ead016f"},{"credibility":1,"name":"Fantom-Based Algo Protocol Fantasm Exploited for $2.6M (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/tech/2022/03/10/fantom-based-algo-protocol-fantasm-exploited-for-26m"},{"credibility":2,"name":"Explained: The Fantasm Finance Hack — March 2022 (Halborn)","type":"research","url":"https://www.halborn.com/blog/post/explained-the-fantasm-finance-hack-march-2022"},{"credibility":2,"name":"CertiK — Fantasm Finance Exploit Analysis","type":"research","url":"https://www.certik.com/resources/blog/5p92144WQ44Ytm1AL4Jt9X-fantasm-finance"},{"credibility":2,"name":"Mar 2022 — Fantasm Finance Contract Vulnerabilities $2.626M (Quadriga Initiative)","type":"research","url":"https://www.quadrigainitiative.com/casestudy/fantasmfinancecontractvulnerabilities.php"},{"credibility":2,"name":"Fantasm Finance Loses $2.6 Million in DeFi Exploit (BeInCrypto)","type":"news_article","url":"https://beincrypto.com/fantasm-finance-loses-2-6-million-defi-exploit/"},{"credibility":2,"name":"Fantom's DeFi Fantasm Finance Exploited; $2.6 Million Lost (U.Today)","type":"news_article","url":"https://u.today/fantoms-defi-fantasm-finance-fsm-exploited-26-million-lost"},{"credibility":2,"name":"Fantasm — DefiLlama Protocol Page (TVL data)","type":"on_chain","url":"https://defillama.com/protocol/fantasm"},{"credibility":2,"name":"FantasmFinance/fantasm-contracts — GitHub","type":"official","url":"https://github.com/FantasmFinance/fantasm-contracts"},{"credibility":2,"name":"XFTM Token — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/fantasm-xftm/"}],"summary":"Fantasm Finance was a fractional-algorithmic synthetic token protocol on the Fantom Opera blockchain, designed to maintain a synthetic FTM token (XFTM) backed partially by FTM collateral and partially by the protocol's native FSM token. On March 9, 2022, within days of its public launch, the protocol suffered a critical smart contract exploit that drained approximately $2.62 million from its collateral reserve pool. The attacker laundered the stolen funds through Tornado Cash and was never publicly identified; the protocol has since ceased operations with zero TVL remaining.","timeline":[{"date":"2022-03-01","event":"Fantasm Finance launches publicly on Fantom Opera, offering XFTM synthetic token minting backed by FTM and FSM collateral.","source":""},{"date":"2022-03-09","event":"Exploit executed at approximately 01:50 PM UTC. Attacker drains approximately $2.62 million (1,008 ETH) from the protocol collateral reserve by exploiting a mint function input validation flaw, allowing XFTM minting with zero FTM collateral.","source":""},{"date":"2022-03-09","event":"Fantasm team announces the breach publicly, urges all users to redeem XFTM and exit liquidity pools immediately. XFTM token falls 98% within 24 hours.","source":""},{"date":"2022-03-09","event":"Team executes a white-hack of remaining protocol reserves, recovering 935,415 FTM for distribution to affected XFTM holders.","source":""},{"date":"2022-03-10","event":"Fantasm Finance publishes official post-mortem detailing the vulnerability, attack flow, attacker addresses, and compensation plan.","source":""},{"date":"2022-03-11","event":"Distribution of 174,327.763 FTM in accumulated protocol fees to FSM stakers and lockers begins at 9:00 AM UTC.","source":""},{"date":"2022-03-18","event":"White-hacked FTM funds distributed to XFTM holders via snapshot at block height 32970600.","source":""},{"date":"2022-03-25","event":"Protocol announces planned collateral ratio adjustments and relaunch plans with new token and DAO governance.","source":""},{"date":"2022-06-01","event":"Protocol activity ceases. No meaningful relaunch occurs. TVL trends to zero.","source":""}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 8c31a8b0-14c7-4a59-b6d5-4a3cf8397130copy
2. #2rescoreby systemsystem

   2026-10-10 18:40:25Z
   Score: 18 → 50 (+32)
   Rescored under Scoring v2, the published formula (avoid.net/scoring): 18 → 50. Problems weighed by who is responsible: incidents the subject suffered −9.6, concerns that are not fraud −3.2, problems around the subject, caused by others −2.4; no longer operating, so capped at 50.
   anchoranchored

   chain

   ●mainnet-betaslot 455,358,812

   sig

   4oyGPDBgzrMo…SWSF4SN5copyexplorer ↗

   hash

   7NLR5342ft7W…3iAT88M1copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (649 B) ▸

   {"actor":"system","decided_at":"2026-10-10T18:40:25.432Z","decision":"rescore","investigation_id":"4028405b-748e-4c4a-b07f-c7441153b858","new_score":50,"page_slug":"fantasm-finance","prev_score":18,"reason":"Rescored under Scoring v2, the published formula (avoid.net/scoring): 18 → 50. Problems weighed by who is responsible: incidents the subject suffered −9.6, concerns that are not fraud −3.2, problems around the subject, caused by others −2.4; no longer operating, so capped at 50.","score_delta":32,"score_model":"v2","sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 70d2566b-bf13-4feb-b8ae-42a617931792copy