Kokomo Finance
Last changed 2026-10-28 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -73 |
| Sum | -8 |
- The page establishes that the subject is itself a scheme, so the score is 0.
Score: 0/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-28 · 9 of 13 claims confirmed · 4 need better sources
anchored·3u2HmE…NBGESummary
Kokomo Finance was a purported non-custodial lending and borrowing protocol launched on the Optimism blockchain on March 25, 2023. Within approximately 24 hours of launch, its developers executed a deliberate exit scam, stealing approximately $4 to $4.5 million in user funds through smart contract manipulation. The project was subsequently linked by on-chain investigator ZachXBT to a serial scam ring responsible for over $20 million in losses across multiple DeFi protocols.
Connected Entities
14 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Compound V2→mentioned with→Ethereum(80%)
- Compound V2→mentioned with→ZachXBT(70%)
- Kokomo Finance→mentioned with→ZachXBT(70%)
- Kokomo Finance→mentioned with→Ethereum(60%)
- Kokomo Finance→mentioned with→Optimism(80%)
- Kokomo Finance→mentioned with→Blast(65%)
- Kokomo Finance→mentioned with→Bitcoin(65%)
- Kokomo Finance→mentioned with→Solana(60%)
- Kokomo Finance→mentioned with→Scroll(80%)
- + 47 more
Timeline(6 events)
25 March 2023
Kokomo Finance launches on Optimism, offering non-custodial lending and borrowing of WBTC, ETH, USDT, USDC, DAI, and native KOKO token.
26 March 2023
Developers execute exit scam: deployer address 0x41be deploys malicious cBTC contract, manipulates reward functions, drains approximately $4–4.5 million in user funds across Optimism, Arbitrum, and BSC. KOKO token crashes ~97%. Website and all social media accounts deleted.
26 March 2023
CertiK publicly flags the incident via its alert system, identifying the attack as an exit scam and the largest rug pull observed on Optimism at that time.
31 March 2023
CertiK publishes full post-mortem analysis, documenting technical attack flow, wallet addresses, and fund distribution across chains.
November 2023
ZachXBT issues warning about Lendora Protocol on Scroll network, connecting it to the same scam group behind Kokomo Finance, Magnate, and Solfire.
14 April 2024
ZachXBT publicly exposes Leaper Finance on Blast as the scam ring's latest operation, seeded with ~$1 million laundered from prior scams. Total ring losses identified exceed $20 million. Scammers taunt ZachXBT on X before deactivating accounts.
Decision Log
- slot 462280832 · hash HBbVrpEjUkuJ8JVY684nANyayGLjtHy2GJKVDAm1C8yK
- slot 462280827 · hash Cx6dCW3TnMJg6ai5R2mvjskNVrtRsHMPowCaaFEdvcLN
- slot 461965115 · hash 3QZr1DgDvhf8XHLw67nVkKbJVYciLkBur4Fo9WRUZ6MK
- slot 422639370 · hash J52DtyrvidVCPrACaeaoupiG68szBZyftRrieZ7Pd2Db
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 10 of 10 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:43 AM
last updated: 10/28/2026, 12:54:21 AM
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