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LiFi Finance

avoid.net/lifi-finance→32/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5wqRkt…3Svc

Summary

LI.FI is a Berlin-based cross-chain bridge and DEX aggregation protocol founded in 2021 by Philipp Zentner and Max Klenk. The protocol has suffered two significant smart contract exploits — a $600,000 loss in March 2022 and an $11.6 million loss in July 2024 — both stemming from the same class of arbitrary-call vulnerability, prompting criticism from security researchers that lessons were not learned. Separately, blockchain investigator ZachXBT alleged in June 2025 that North Korean (DPRK) actors accounted for an estimated 15–25% of the protocol's volume during May 2025, using LI.FI to launder funds from the Bybit hack.

Connected Entities

9 entities · 60 linked investigations
Organizations
□Bybit72□Kraken62□Ethereum64□Arbitrum52□Binance45□Phantom Wallet63□ZachXBT82
Protocols
⌂LiFi Finance⌂LiFi Protocol38
Relationships
  • Phantom Wallet→mentioned with→Ethereum(70%)
  • ZachXBT→mentioned with→Ethereum(70%)
  • ZachXBT→mentioned with→Kraken(60%)
  • Phantom Wallet→mentioned with→ZachXBT(60%)
  • ZachXBT→mentioned with→Binance(60%)
  • ZachXBT→mentioned with→Bybit(70%)
  • Binance→mentioned with→Ethereum(65%)
  • LiFi Finance→mentioned with→LiFi Protocol(80%)
  • Arbitrum→mentioned with→Binance(65%)
  • LiFi Protocol→mentioned with→Arbitrum(65%)
  • + 16 more
Also appears in
LiFi Protocol·38Kraken·62Bybit·72Arbitrum·52Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28+ 50 more

Connected Through

8 shared actors · 595 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about LiFi Finance?

Timeline(11 events)

2021

LI.FI founded in Berlin, Germany by Philipp Zentner and Max Klenk.

20 March 2022

First exploit: attacker drains approximately $600,000 from 29 wallets using arbitrary call vulnerability in the swapping feature. LI.FI disables swap methods and publishes post-mortem.

July 2022

LI.FI raises $5.5 million seed round led by 1kx.

March 2023

LI.FI raises $17.5 million Series A co-led by CoinFund and Superscrypt.

11 July 2024

LI.FI deploys new GasZipFacet smart contract component, missing whitelist validation present in other facets.

16 July 2024

Second exploit: attacker exploits GasZipFacet arbitrary call vulnerability, draining approximately $11.6 million from 153 wallets on Ethereum and Arbitrum. Protocol immediately disables vulnerable facet. PeckShield characterizes it as 'basically the same' bug as 2022.

18 July 2024

LI.FI announces voluntary compensation plan for the 153 affected wallets, backed by major investors.

February 2025

Bybit exchange suffers approximately $1.4 billion hack attributed to North Korean Lazarus Group.

May 2025

LI.FI reports record May 2025 metrics: $3 billion in volume and 4.37 million executed transactions.

3 June 2025

ZachXBT publicly alleges that DPRK hackers laundering Bybit hack proceeds accounted for 15–25% of LI.FI's May 2025 activity, and that over half of Bybit stolen funds had become untraceable on-chain.

11 December 2025

LI.FI raises $29 million Series A extension led by Multicoin Capital and CoinFund, bringing total capital raised to approximately $51.7 million.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain21 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 21 of 23 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:31 AM

last updated: 9/12/2026, 5:12:12 PM

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