Hope Finance
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 0 → 13. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -57 |
| Sum | 8 |
- The page establishes that the subject is itself a scheme, so the score is 0.
- 2 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 13/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 6 of 10 claims confirmed · 2 need better sources · 1 disputed · 1 out of date
anchored·5h2CTh…S6s5Summary
Hope Finance was an Arbitrum-based DeFi protocol that launched in January 2023, positioning itself around an algorithmic stablecoin pegged to 0.001 ETH. On February 20, 2023 — the same day the platform went live — approximately $2 million (1,095 ETH) was drained from its Genesis Rewards Pool in what blockchain security firms CertiK and PeckShield assessed as an insider-orchestrated exit scam, making it the largest exit scam recorded on Arbitrum at that time. Stolen funds were bridged to Ethereum and routed through Tornado Cash; the protocol's website subsequently went offline and the team became unreachable.
Connected Entities
4 entities · 60 linked investigations- Hope Finance→mentioned with→Ethereum(70%)
- Hope Finance→mentioned with→Arbitrum(80%)
- Hope Finance→mentioned with→Babel Finance(80%)
- Arbitrum→mentioned with→Ethereum(80%)
Timeline(7 events)
2023
Hope Finance Twitter account created; project announced plans for an algorithmic stablecoin (HOPE token) pegged to 0.001 ETH on Arbitrum.
CoinTelegraphFebruary 2023
Cognitos completes smart contract audit of Hope Finance, flagging reentrancy risks and an incorrect modifier but marking the contract as having passed the audit.
CoinCu News20 February 2023
Hope Finance launches on Arbitrum. On the same day, the Genesis Rewards Pool is drained of approximately $2 million (1,095 ETH) via a fake router contract approved by the project's own multisig signers.
CryptoPotato20 February 2023
Stolen funds bridged from Arbitrum to Ethereum via CelrBridge and deposited into Tornado Cash across three wallet addresses.
CertiK20 February 2023
Hope Finance team posts on Twitter, identifying alleged attacker as Ugwoke Pascal Chukwuebuka and sharing a photograph of the individual with a voter ID card.
CoinCu News21 February 2023
CertiK and PeckShield publish on-chain analyses confirming the exit scam and tracing fund flows to Tornado Cash. CertiK characterizes the incident as driven by centralization vulnerabilities and multisig mishandling.
CertiK21 February 2023
Cognitos contact person at Hope Finance reportedly deactivates their account. Hope Finance website goes offline; Discord becomes inaccessible.
CryptoSlateDecision Log
- slot 464372603 · hash GZzPCrw3ix3y2kUzCX4zT2q6s8dCLA4UByH9wu5ZhLzg
- slot 464372458 · hash 5TZiRDcokeXbuZ6XTmmGB4CzG6ypQ9JhSKakZoH73UiA
- slot 464372453 · hash CJ2u2gCyrdrmqmB1nAdGP66iif4YgzArXjiundwUpKB4
- slot 461965094 · hash BshjEe6tXLmRdELSjj9Dt3P5oyyrJREG4FVFKTuQKuLP
- slot 422754226 · hash 2pkw3WmpXJV9CHTXRZtwPjmgJrt8z2RVTmJpCVzTDXY5
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 9 of 9 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:44 AM
last updated: 11/2/2026, 5:09:52 AM
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