Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·QEwDCG…a3zKSummary
Kipseli (also styled Kipseli Capital) is a proprietary trading firm and on-chain market-maker founded in early 2018, operating the Kipseli PropAMM on Base Mainnet. The protocol was listed among exploited platforms during the April 2026 wave of DeFi attacks, and the broader PropAMM category to which it belongs was the subject of a March 2026 empirical report by 0x documenting systematic quote-spoofing behavior that caused measurable trader harm. ZachXBT has flagged the entity. No public smart-contract audit or post-incident disclosure has been identified as of May 2026.
Connected Entities
9 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- Volo Vault→mentioned with→Drift(75%)
- Volo Vault→mentioned with→ZachXBT(80%)
- KelpDAO / LayerZero Bridge Exploit (April 2026) — DPRK Lazarus→mentioned with→Drift(85%)
- KelpDAO / LayerZero Bridge Exploit (April 2026) — DPRK Lazarus→mentioned with→Ethereum(80%)
- Kipseli→mentioned with→Base(70%)
- Kipseli→mentioned with→Ethereum(75%)
- Kipseli→mentioned with→Drift(80%)
- Kipseli→mentioned with→ZachXBT(70%)
- Rhea Lend→mentioned with→Ethereum(65%)
- + 9 more
Timeline(5 events)
2018
Kipseli Capital core team begins on-chain market-making operations on Ethereum Mainnet, self-described as early pioneers of the discipline.
20 March 2026
0x publishes 'PropAMM Shenanigans,' empirically documenting systematic quote-spoofing and repricing behaviors by PropAMM operators on Base Mainnet — the same architecture class as Kipseli PropAMM.
April 2026
April 2026 wave of DeFi exploits begins with the $285M Drift Protocol breach, initiating the worst month for DeFi security since February 2025.
April 2026
Kipseli listed among protocols exploited during the April 2026 DeFi attack wave alongside Giddy, with attackers described as targeting smaller platforms. Specific amount and exploit vector unconfirmed.
28 May 2026
AVOID.NET investigation opened based on ZachXBT flag and protocol logic incident designation. No public post-mortem or official incident disclosure from Kipseli identified as of this date.
Decision Log
- hash: HEMRM1EMzb37wSxNY8ifw81X7QUDNiXBmEuDTvqDk3yW
This investigation is cryptographically anchored to the Solana blockchain (1 event). 5 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:11 AM
last updated: 8/30/2026, 3:55:36 PM
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