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Keep3r Network

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Summary

Keep3r Network (KP3R) is a decentralized keeper-job matching protocol launched in October 2020 by Andre Cronje, the creator of Yearn Finance. The protocol has experienced multiple security incidents including a $211k exploit in June 2023, a latent two-year-old vulnerability in its GaugeProxyV2 contract discovered in September 2022, and its oracle was implicated in the $15.6M Inverse Finance hack of April 2022. ZachXBT has flagged the protocol in the context of broader DeFi security concerns, and the project has been surrounded by scam forks, impersonator accounts, and fraudulent staking services operated by unaffiliated parties.

Connected Entities

7 entities · 60 linked investigations
Relationships
  • Pickle Financementioned withUniswap(60%)
  • Yearn Financementioned withEthereum(70%)
  • Pickle Financementioned withEthereum(70%)
  • SushiSwapmentioned withEthereum(60%)
  • SushiSwapmentioned withUniswap(70%)
  • Uniswapmentioned withEthereum(80%)
  • Uniswapmentioned withSushiSwap(60%)
  • Inverse Financementioned withEthereum(75%)
  • Inverse Financementioned withSushiSwap(65%)
  • Keep3r Networkmentioned withYearn Finance(80%)
  • + 8 more
Have evidence about Keep3r Network?

Timeline(11 events)

28 October 2020

Andre Cronje launches Keep3r Network v1 via a Medium post; no formal announcement, no token sale, no team allocation. KP3R token lists on Uniswap.

Andre Cronje on Medium

28 October 2020

KP3R token price surges from ~$1 to over $2,000 within hours on Uniswap, driven by speculative demand tied to Cronje's reputation, before crashing sharply as Cronje redeployed contracts.

CoinTelegraph

31 October 2020

Unauthorized KP3R fork KPER is rug-pulled within 24 hours of launch; developer mints 10 million tokens and drains approximately 1,837 ETH (~$623k) from the Uniswap pool.

CryptoSlate

2021

SEC begins sending investigative letters to Andre Cronje requesting information about Yearn Finance and, subsequently, Keep3r Network's operational mechanics.

CryptoSlate

June 2021

Fraudulent staking service stKeep3r operates under the Twitter account @kp3r_network, impersonating the official Keep3r project and offering approximately 1% daily returns on staked ETH and KP3R — a Ponzi-like structure. At least one user reports losing funds.

Yearn Finance Governance Forum

2 April 2022

Inverse Finance exploited for $15.6 million. The attacker manipulates the Keep3rV2Oracle TWAP oracle, exploiting a time-window validation flaw to inflate the INV token price and borrow against inflated collateral.

CoinDesk

March 2022

Andre Cronje announces his departure from DeFi, later revealed to be driven in part by two years of SEC investigative correspondence. All of his affiliated protocols, including Keep3r Network, are impacted by community uncertainty.

Crypto Briefing

September 2022

Security firm Statemind discloses a critical two-year-old vulnerability in Keep3r Network's GaugeProxyV2 contract that could allow manipulation of governance voting weights. No funds were lost. Five other DeFi protocols were also affected.

PR Newswire

2 June 2023

An attacker begins positioning for the June 2023 exploit by adding liquidity to a targeted Keep3r v1 job whose governance is controlled by a compromised vanity address.

DAO Times

12 June 2023

Attacker seizes governance of the vanity address job, manipulates the Sushi LP pool, and calls applyCreditsToJob to extract 4,084 KP3R (~$211k). Keep3r team publishes a post-mortem.

DAO Times

2025

Andre Cronje publicly reveals for the first time that SEC regulatory pressure was a central reason for his 2022 DeFi exit, providing previously undisclosed context about the investigation.

CryptoSlate
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 20 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-5

generated: 5/4/2026, 2:54:41 AM

last updated: 8/29/2026, 1:35:03 AM

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