← Kokomo Financereviewed 2026-10-28 · 13 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Kokomo Finance against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
4 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #3[unverifiable][awaiting moderator]in section: Overview
“The project was audited by 0xGuard shortly before launch; the audit identified typographical errors and noted that the contract owner held the ability to mint up to 45% of the maximum token supply to an arbitrary address”
reviewer0xGuard audited Kokomo and flagged a 45% owner mint; supply 100,000,000Neither fetched cited source mentions the audit details; the Medium source was blocked. The same claim is repeated in sections[4]. - #11[unverifiable][awaiting moderator]in section: Serial Scam Ring — ZachXBT Investigation
“engaging low-credibility audit firms (such as Vital Block for Magnate and Lendora)”
reviewerVital Block was the low-credibility audit firm for Magnate and LendoraNot in the CryptoPotato article. Other cited sources were not checked for it. - #12[unverifiable][awaiting moderator]in the timeline
“ZachXBT issues warning about Lendora Protocol on Scroll network, connecting it to the same scam group behind Kokomo Finance, Magnate, and Solfire.”
reviewerLendora warning date November 2023I did not check the November 2023 date. The entry has no source, and its date_original is 2023-11-01. - #13[unverifiable][awaiting moderator]in section: Current Status
“Funds stolen in the scam have not been recovered or returned to affected users.”
reviewerNo law enforcement action; funds not recovered; accounts remain inactiveMy search found no reports of recovery, arrests or charges, but absence of reports is not confirmation. Nothing contradicts the claim.
partially supported
4 claimsThe cited evidence supports part of the claim but not all of it.
- #4[partially supported][awaiting moderator]in section: Exit Scam: Technical Mechanics
“which redeemed them for approximately 141.7 WBTC worth roughly $4 million”
reviewerExit scam mechanics: cBTC contract address, 7,010 soWBTC, ice phishingMechanism matches. Both sources say 141 WBTC, not 141.7. Minor precision issue. - #7[partially supported][awaiting moderator]in section: Financial Losses and Fund Distribution
“from roughly $0.049 to $0.00065”
reviewerKOKO fell 97-98% from $0.049 to $0.00065Source is inconsistent on the starting price. The percentage drop is broadly supported (CoinDesk 97%, CertiK over 95%). - #8[partially supported][awaiting moderator]in section: Financial Losses and Fund Distribution
“CertiK noted at the time that this was the largest rug pull observed on the Optimism network.”
reviewerCertiK said largest rug pull on OptimismCertiK limits the claim to 2023, not all time. The timeline entry repeats the overstatement. - #9[partially supported][awaiting moderator]in the timeline
“identifying the attack as an exit scam and the largest rug pull observed on Optimism at that time.”
reviewerTimeline: CertiK says largest rug pull observed on Optimism at that timeSame overstatement as sections[2]. The timeline entry has no source.
confirmed
5 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in the summary
“Kokomo Finance was a purported non-custodial lending and borrowing protocol launched on the Optimism blockchain on March 25, 2023.”
reviewerKokomo launched on Optimism on March 25, 2023 and the exit scam occurred about 24 hours laterCoinDesk confirms launch and exit dates. - #2[confirmed][no action needed]in the summary
“stealing approximately $4 to $4.5 million in user funds through smart contract manipulation”
reviewerLosses were approx $4-4.5 millionRange matches the two sources. - #5[confirmed][no action needed]in section: Exit Scam: Technical Mechanics
“The protocol's total value locked (TVL) collapsed from approximately $2 million to just over $64,000 within 24 hours.”
reviewerTVL collapsed from about $2M to just over $64,000Supported by CryptoPotato. - #6[confirmed][no action needed]in section: Financial Losses and Fund Distribution
“with an additional $109,272 removed from liquidity pools according to CertiK's post-mortem”
reviewerCross-chain fund distribution and $109,272 from liquidity poolsFigures match CertiK. - #10[confirmed][no action needed]in section: Serial Scam Ring — ZachXBT Investigation
“Total cumulative losses attributed to the ring exceed $20 million.”
reviewerZachXBT linked Kokomo to the ring; losses over $20M; Leaper Finance on Blast seeded with ~$1M; accounts deactivated; Lazarus tauntThe section is well supported. The 'Vital Block' audit-firm detail is not in this article and I did not verify it elsewhere.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.