Flamingo Finance
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.2 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -0.6 |
| Long-running | +10 |
| Recent unresolved incident | -32.3 |
| Sum | 13 |
- The penalty for incidents it suffered is capped at 20 points.
Score: 26/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 7 of 10 claims confirmed · 2 need better sources · 1 disputed
anchored·PT2AQp…SXRFSummary
Flamingo Finance is a DeFi platform built on the Neo N3 blockchain, offering a cross-chain asset wrapper, swap pools, a lending vault, and staking of its native FLM token. Since 2024 the protocol has been hit by a recurring pattern of exploits — a Poly Network cross-chain bridge hack, a staking-contract bug that let an attacker mint trillions of FLM, and a flash-loan attack on its Flamincome vaults — while its maintainers have publicly accused Neo Global Development and the Neo Foundation of withholding promised support and control over its smart contracts.
Connected Entities
2 entities1 submission awaiting moderator review.
Timeline(11 events)
23 September 2020
Flamingo Finance launches its Wrapper and Flamincome modules on Neo N3.
Neo News Today (via search aggregation)12 August 2024
Poly Network's Cross-Chain Management Contract is exploited, disrupting Flamingo Finance's cross-chain bridge and affecting an estimated $4-5 million in wrapped assets.
Bitget News / CryptoNews21 August 2024
Flamingo Finance announces an Asset Support Initiative to partially compensate users affected by the Poly Network bridge hack.
Neo News TodayApril 2025
Binance assigns a Monitoring Tag to FLM as part of an expanded review of listed tokens.
Neo News TodayDecember 2025
Public dispute between Neo co-founders Erik Zhang and Da Hongfei becomes visible, which Flamingo later says affected NGD/NF responsiveness.
Neo News Today (open letter coverage)22 April 2026
Flamingo Finance publishes an open letter alleging NGD and the Neo Foundation withheld promised support and control of its contracts.
Neo News TodayAugust 2026
Flamingo Finance's staking contract is exploited; an attacker mints approximately 2.19 trillion FLM and drains most of the protocol's remaining liquidity, within the week of August 24-30, 2026 per Neo News Today's weekly roundup.
Neo News Today31 August 2026
Neo News Today publishes detailed reporting on the staking contract exploit and FLM over-minting.
Neo News Today16 September 2026
Blockaid reports a flash loan exploit of Flamingo's older Flamincome VaultYUSDT contracts, netting the attacker roughly $345,900.
Crypto TimesDecision Log
- slot 462182420 · hash NLogY8yVtJppv6NP9o1U7B7oLLr6nNCWZgcYGWN7CzU
- slot 462182414 · hash FLCz55mG7s3vLhPyYXFPZduPj6cpWMWoNCZqz3V5QTJq
- slot 455359935 · hash 9t5prmW64tGXFEKwWke6Cgu8nrnsKDMRqJUcNoyXhkER
- slot 449374501 · hash J6rcZVbs8bsavvQYU58KWxx666Qty8Sjea2UFVn91zD1
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 0 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 9/22/2026, 12:08:19 PM
last updated: 10/27/2026, 7:04:48 PM
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