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FutureSwap

avoid.net/futureswap→22/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·3mDiY8…3UnP

Summary

Futureswap is a decentralized perpetual futures exchange built on Arbitrum and Avalanche that raised $12 million in 2021 but has been effectively dormant since 2023. The protocol suffered three separate exploits between December 2025 and January 2026, resulting in cumulative losses exceeding $1.3 million, while the team made no public response to any incident. ZachXBT flagged the entity as a risk, and the protocol's last known audit dates to 2021.

Connected Entities

7 entities · 60 linked investigations
Organizations
□Aave74□Chainlink67□Ethereum64□Arbitrum52□ZachXBT82
Protocols
⌂FutureSwap⌂Uniswap58
Relationships
  • ZachXBT→mentioned with→Ethereum(70%)
  • FutureSwap→mentioned with→Aave(60%)
  • FutureSwap→mentioned with→ZachXBT(70%)
  • FutureSwap→mentioned with→Chainlink(65%)
  • FutureSwap→mentioned with→Uniswap(65%)
  • FutureSwap→mentioned with→Ethereum(75%)
  • FutureSwap→mentioned with→Arbitrum(70%)
  • Uniswap→mentioned with→Ethereum(80%)
  • Chainlink→mentioned with→Ethereum(65%)
  • Aave→mentioned with→Arbitrum(70%)
  • + 6 more
Also appears in
Arbitrum·52Aave·74Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15StableMagnet·2Shibarium·28Dean Daghita / CMDSS (Command Services and Support)·0+ 50 more

Connected Through

6 shared actors · 607 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about FutureSwap?

Timeline(10 events)

March 2020

Framework Ventures invests $400,000 in Futureswap, an early decentralized futures exchange.

2020

Futureswap V1 launches on Ethereum mainnet offering perpetual futures with leveraged trading.

3 January 2021

OpenZeppelin publishes Futureswap V2 audit report, identifying three high-severity and eight medium-severity issues; no critical issues found.

11 October 2021

Futureswap closes $12 million Series A funding round led by Framework Ventures, with Ribbit Capital, Placeholder.vc, and True Ventures participating. V4 announced simultaneously.

2022

Futureswap V4 mainnet beta launches on Arbitrum, offering up to 30x leverage via Uniswap V3 liquidity pools and Chainlink price feeds.

April 2022

Futureswap V4.1 launches on Avalanche with Trader Joe as the underlying AMM, supporting JOE-USDC and AVAX-USDC pairs.

2023

Futureswap's official X account posts its last known public update. Team communication effectively ceases.

14 December 2025

Alleged governance attack exploits FST token snapshot mechanism via flash loan, allowing attacker to borrow approximately 3.6 million FST tokens and pass a malicious proposal. Estimated loss: $830,000.

10 January 2026

BlockSec flags a suspected exploit draining approximately $395,000 in USDC from Futureswap V4 contracts on Arbitrum. Exploit alleged to involve stableBalance accounting manipulation via flash loan and changePosition operations. BlockSec states it cannot reach the team.

14 January 2026

A second attacker exploits a reentrancy vulnerability in the same Futureswap V4 contract, minting inflated LP tokens and redeeming them after a three-day cooldown for approximately $74,000 in collateral.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain7 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 7 of 13 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

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

last updated: 9/1/2026, 3:39:49 AM

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