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Fusion by IPOR

avoid.net/fusion-by-ipor→42/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
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Summary

Fusion by IPOR is a modular on-chain vault infrastructure product developed by IPOR Labs AG (Zug, Switzerland), designed to automate DeFi yield strategies across multiple chains without requiring Solidity expertise. On January 6, 2026, a legacy Fusion Optimizer Vault on Arbitrum was exploited for $336,000 USDC via a combination of missing fuse validation in the instantWithdraw method and an EIP-7702 delegation vulnerability on an administrator account. The IPOR DAO committed to fully compensating all affected depositors from treasury reserves, and the incident was flagged by blockchain investigator ZachXBT.

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    Timeline(6 events)

    2021-06-14

    IPOR Labs AG incorporated in Zug, Switzerland by co-founders Darren Camas and Dimitar Dinev.

    2023-07-28

    Ackee Blockchain completes 59 engineering-day security review of IPOR Protocol core, identifying 39 findings. Review concludes with high code quality rating.

    2024-01-01

    Legacy Fusion Optimizer Vault deployed on Arbitrum (approximately 490 days before the January 2026 exploit), predating stricter fuse validation requirements.

    2025-05-09

    Governance proposal IIP-35 snapshot taken at Ethereum block 22446433 for IPOR-to-FUSN token migration at 1:1 ratio, marking a strategic rebranding of the protocol.

    2026-01-06

    Legacy Fusion USDC Optimizer Vault on Arbitrum exploited for $336,000 USDC via missing instantWithdraw validation and EIP-7702 admin delegation flaw. Hexagate and Blockaid alert the IPOR team. Stolen funds (approx. $267K) bridged to Ethereum and deposited into Tornado Cash.

    2026-01-07

    IPOR DAO publicly confirms full compensation of all affected depositors from DAO treasury. Protocol engages SEAL for forensic recovery. Post-mortem publication committed. Incident widely covered by crypto media.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:14 AM

    last updated: 6/10/2026, 12:33:10 AM

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