Hector Lending

2021-11-01

Hector Network (Hector DAO) launches on Fantom with HEC rebase token; treasury builds to approximately $110 million at peak.

2022-01-01

Hector Lending deployed as a lending product within the Hector ecosystem on Fantom.

2022-06-01

Undisclosed ransomware attack targets Hector Network's self-managed hosting platform; team pays an undisclosed BTC ransom and does not publicly disclose the incident to investors.

2023-03-01

Activist investor group RFV Raiders and community member Lilbagscientist publicly accuse the Hector team of slow-rugging — paying $14 million in team salaries every six months without delivering products.

2023-06-02

Hector Network suffers a $653,000 exploit on a beta bridge contract via an unlimited USDC spending approval. The team does not issue a timely post-mortem. DefiLlama classifies the incident as a protocol logic vulnerability on Fantom.

2023-07-06

Multichain bridge collapses; Hector Network loses $8 million in treasury assets as bridged tokens depegged from Ethereum-side collateral.

2023-07-15

Hector DAO token holders pass governance proposal HIP 42 with 83.31% support, voting to dissolve the project and distribute remaining treasury assets (~$16 million) to token holders.

2023-09-01

Hector Network Discord server goes dark, removing primary investor communication channel.

2023-12-19

CertiK completes audit of the HectorRedemptionTreasury contract and flags centralization risk in the AddEligibleWallet function as unresolved after the team declines to implement recommended changes.

2024-01-15

HectorRedemptionTreasury exploit: attacker adds an eligible wallet via AddEligibleWallet (tx 0x1b813d9), then calls mintWithdraw (tx 0xd1b342c) to drain $2.7 million. Blockchain analysis suggests an inside job or private key compromise.

2024-01-18

Hector Network team sends final communication to investors, then goes silent, allegedly deleting the Google Group email address used for investor contact.

2024-02-19

Eastern Caribbean Supreme Court (BVI) issues receivership order placing Hector Network under the custody of Interpath BVI, with James Drury and Paul Pretlove as receivers. Remaining assets valued at approximately $9.3 million.

2024-04-09

BVI courts issue final receivership order appointing Interpath on a full and final basis.

2024-07-15

U.S. Bankruptcy Judge Michael B. Kaplan grants Chapter 15 recognition of the BVI receivership, marking the first time a DAO has obtained US bankruptcy recognition as a debtor.