Hundred Finance
Summary
Hundred Finance was a multi-chain DeFi lending protocol forked from Compound V2 that suffered at least two major security exploits totaling approximately $13.6 million in direct losses, alongside a related $11 million joint attack with Agave Finance on Gnosis Chain. The protocol was unable to recover stolen funds and shut down in August 2023 following a governance vote, with remaining treasury funds allocated toward partial victim compensation. Stolen funds remained unrecovered as of 2024, with the April 2023 attacker moving assets through decentralized exchanges more than a year after the exploit.
Connected Entities
1 entitiesTimeline(7 events)
2021-06-01
Hundred Finance launched on Ethereum Kovan testnet, followed by mainnet deployment; positions itself as a Compound V2 fork supporting multiple chains.
CryptoCurrencyGuide2021-12-01
Vote-escrow governance mechanism (mveHND) introduced, modeled on Curve Finance contracts.
Hundred Finance Docs2022-03-16
Hundred Finance exploited on Gnosis Chain via reentrancy attack; approximately $6.2 million stolen. Simultaneous attack on Agave Finance drains additional $5.5 million. Combined losses: approximately $11.7 million. Stolen funds routed through Tornado Cash.
BeInCrypto / Vidma2023-04-15
Hundred Finance exploited on Optimism via flash loan and exchange rate manipulation of empty hWBTC market; approximately $7.4 million stolen. Attacker address: 0x155da45d374a286d383839b1ef27567a15e67528.
Rekt News / CoinTelegraph2023-04-17
Hundred Finance offers $500,000 public bounty for information on the attacker and issues on-chain ultimatum offering 10% reward (~$740,000) for return of 90% of funds within 24 hours. No response received.
Halborn / Decrypt2023-08-09
HND token holders vote 99% in favor of shutting down the protocol. Treasury funds directed toward partial victim compensation. Project officially ceases lending operations.
Web3 Is Going Great / Hundred Finance Twitter2024-05-01
April 2023 attacker begins moving stolen funds more than a year after the exploit, withdrawing approximately $800,000 in ETH and USDT from Curve Finance and converting assets via Uniswap. No funds returned to victims.
DL News / CoinTelegraphDecision Log
- hash: 8vHro1ZtL5nhfZBnHkyDZPiV9Q5GKrET4PWaRkgwnM96
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:50 AM
last updated: 5/28/2026, 5:31:37 PM
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