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← Figure Helocreviewed 2026-11-01 · 14 claims checked

Fact-check findings

What an automated fact-checker found when it re-read Figure Heloc against the sources the page cites. Only the most recent review is shown.

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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.

“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.

Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.

disputed 5unverifiable 3partially supported 4confirmed 25 corrections pending · 0 applied

disputed

5 claims

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

  1. #2[disputed][awaiting moderator]in the timeline
    “Morpheus Research publishes short report on Figure”
    reviewerMorpheus report was published December 2025The source page shows 16 April 2026, not December 2025. This may be a later update, so no replacement date is proposed. Needs a human check of the original publication date.
    citedwww.morpheus-research.com/figure/
  2. #5[disputed][awaiting moderator]in the timeline
    “2026-01-15”
    reviewerTimeline date for the Foundation changeThe cited source supports an announcement date of 21 Jan 2026, not 15 Jan.
    Proposed correction (not yet applied)
    2026-01-21
    citedwww.theblock.co/post/386526/figure-opera…munity-structure
  3. #6[disputed][awaiting moderator]in the timeline
    “2025-09-15”
    reviewerRWA ranking controversy dateThe DL News article is dated 9 Feb 2026. Only the quoted DefiLlama remark dates from September 2025.
    Proposed correction (not yet applied)
    2026-02-09
    citedwww.dlnews.com/articles/defi/figure-helo…-biggest-crypto/
  4. #8[disputed][awaiting moderator]in the timeline
    “2026-01-28”
    reviewerData breach dateThe sources disagree (January vs discovery around Feb 14), and neither gives 28 Jan. The page itself says both January (timeline) and February (section). No correction proposed because the sources conflict.
    citedtopclassactions.com/lawsuit-settlements/…1-million-users/
  5. #10[disputed][awaiting moderator]in the timeline
    “2026-02-15”
    reviewerData breach class action filing dateThe case number is correct, but the filing date is 19 Feb 2026, not 15 Feb.
    Proposed correction (not yet applied)
    2026-02-19
    citedwww.classaction.org/news/figure-lending-…2026-data-breach

unverifiable

3 claims

No source the reviewer could reach confirms or contradicts the claim.

  1. #12[unverifiable][awaiting moderator]in section: HELOC Misrepresentation Class Action
    “90+ day delinquency rates are allegedly 2x competitors; loan balance delinquency rose from 3.91% (2024) to 5.46% (2025).”
    reviewerDelinquency statistics 3.91% to 5.46%, 2x competitorsThe cited class action source does not contain the delinquency numbers. They may come from the Morpheus report, which I did not check in full.
    citedwww.classaction.org/news/class-action-la…-loans-as-helocs
  2. #13[unverifiable][awaiting moderator]in section: Legitimate Business Metrics
    “Listed on Nasdaq at $5.3B valuation in September 2025.”
    reviewerNasdaq listing at $5.3B in September 2025I did not fetch the Decrypt article because of limited time. This is unchecked rather than disputed.
    citeddecrypt.co/339024/blockchain-lender-figu…illion-valuation
  3. #14[unverifiable][awaiting moderator]in section: CEO Background
    “CEO Mike Cagney resigned from SoFi in 2017 amid sexual harassment allegations and subsequent $75K settlement.”
    reviewerCagney resigned from SoFi in 2017 amid harassment allegations and a $75K settlement; bank charter withdrawn 2023I did not fetch the Fortune, CNBC or Bloomberg articles. The $75K settlement figure is unchecked. This is unchecked rather than disputed.
    citedfortune.com/2017/09/12/sofi-ceo-mike-cagney-resigns/

partially supported

4 claims

The cited evidence supports part of the claim but not all of it.

  1. #3[partially supported][awaiting moderator]in section: Provenance Blockchain Centralization
    “Morpheus Research alleges 65%+ HASH concentration with Figure/Cagney.”
    reviewerMorpheus alleges 65%+ HASH concentration with Figure/CagneyThe allegation is accurately attributed to Morpheus, but the cited Block article says Figure holds about 25%. The page does not note that conflict.
    citedwww.theblock.co/post/386526/figure-opera…munity-structure
  2. #4[partially supported][awaiting moderator]in section: Provenance Blockchain Centralization
    “Figure assumed operational control of Provenance Blockchain Foundation in January 2026.”
    reviewerFigure assumed operational control of the Foundation in January 2026The source describes an announced operational and support role, not control. The timeline date of 2026-01-15 is not in the source.
    citedwww.theblock.co/post/386526/figure-opera…munity-structure
  3. #7[partially supported][awaiting moderator]in section: RWA Classification Controversy
    “DL News and DefiLlama questioned whether $18B in off-chain assets constitutes a legitimate top-10 cryptocurrency”
    reviewerDL News and DefiLlama questioned the classification; $18BDefiLlama did question the trading, but the article's figures are $12B and above $15B, not $18B. The summary's #9 rank differs from the article's 10th, though the summary dates its rank to May 2026.
    citedwww.dlnews.com/articles/defi/figure-helo…-biggest-crypto/
  4. #9[partially supported][awaiting moderator]in section: 2026 Data Breach
    “In February 2026, Figure suffered a data breach (attributed to ShinyHunters) affecting approximately 967,200 accounts with SSNs exposed.”
    reviewerBreach occurred in February 2026 with SSNs exposedShinyHunters and roughly 967,000 records are supported. SSN exposure is not shown in the fetched sources, and the timing is inconsistent (January vs February). Note that the number is records, not confirmed accounts.
    citedwww.classaction.org/news/figure-lending-…2026-data-breachtopclassactions.com/lawsuit-settlements/…1-million-users/

confirmed

2 claims

The cited evidence supports the claim as written.

  1. #1[confirmed][no action needed]in section: Blockchain Misrepresentation Allegations
    “which states that the loan origination system 'does not rely on the use of blockchain technology'”
    reviewerMorpheus report cites S-1/A stating the LOS does not rely on blockchainMorpheus quotes the phrase. I did not read the SEC filing directly.
    citedwww.morpheus-research.com/figure/
  2. #11[confirmed][no action needed]in section: HELOC Misrepresentation Class Action
    “Ward v. Figure Lending (Case No. 3:24-cv-00533, filed June 2024) alleges bait-and-switch from HELOC to closed-end loan products.”
    reviewerWard v. Figure Lending case number and filing dateCase number, date and allegation are supported.
    citedwww.classaction.org/news/class-action-la…-loans-as-helocs
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.