Fact-check findings

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

1. #5[disputed][awaiting moderator]in the timeline

   “Neutron outpost on Osmosis confirmed unaffected.”

   reviewerNeutron outpost on Osmosis confirmed unaffectedInternal contradiction: section 0 says the Osmosis outpost is a separate Mars Protocol outpost, while Neutron is a different chain. A Neutron outpost cannot be on Osmosis. Correction rests on the page's own section 0 text, not a fetched external source.
   Proposed correction (not yet applied)

   Mars outpost on Osmosis confirmed unaffected.

No source the reviewer could reach confirms or contradicts the claim.

1. #2[unverifiable][awaiting moderator]in section: December 2025 Security Exploit

   “Approximately $960,000 in bad debt was recorded, isolated to the USDC lending market on the Neutron outpost.”

   reviewerApproximately $960,000 in bad debt was recorded on the USDC marketRange article states no bad-debt number. The Mars forum post that likely carries it was unreachable.
   citedwww.range.org/blog/tracking-the-mars-protocol-exploit
2. #6[unverifiable][awaiting moderator]in section: Remediation and Compensation

   “Based on estimates at the time of the remediation plan, 96.48% of affected users were projected to receive full reimbursement once the combined Mars and Neutron distributions were applied.”

   reviewerRemediation portal launched Jan 28, 2026 with window through Feb 27, 2026; Neutron contributed about 100,600 USDC; 96.48% of users fully reimbursedPrimary forum source could not be read, and X posts are not fetchable. Says nothing about the claim.
   citedforum.marsprotocol.io/t/mrc-164-update-o…action-plan/1579coinmarketcal.com/en/event/remediation-portal-live-315451
3. #10[unverifiable][awaiting moderator]in section: Security Audit History

   “Halborn conducted a security assessment beginning February 14, 2022 and ending February 18, 2022, covering the mars-council, mars-red-bank, and mars-vesting contracts.”

   reviewerHalborn assessment Feb 14-18, 2022 of mars-council, mars-red-bank and mars-vesting; Oak Security auditsNot fetched within this review's limits; no contradicting evidence seen.
   citedwww.halborn.com/audits/mars-protocol
4. #11[unverifiable][awaiting moderator]in section: Terra Collapse Exposure

   “At its peak on the Terra blockchain, Mars Protocol reported approximately $350 million in total value locked, representing roughly 1.8% of Terra's total TVL of $18.74 billion.”

   reviewerPeak Terra TVL about $350 million, 1.8% of Terra's $18.74 billion; combined $1.2 billion TVL decline across Mars and AstroportNot checked. Note the cited Cointelegraph URL is flagged not-found in archive data, and the timeline attributes a 2022-03 peak to launch, which is doubtful because the $350M peak followed launch. Treat with caution.
   citedgeeklay.com/the-mars-protocol-leaves-ter…osmos-ecosystem/

The cited evidence supports part of the claim but not all of it.

1. #4[partially supported][awaiting moderator]in the timeline

   “Attacker begins pre-staging operation via Tornado Cash, making seven ETH deposits approximately one month before the exploit.”

   reviewerTimeline pins pre-staging start at 2025-11-14Source supports only 'about a month before'. The exact date 2025-11-14 is not backed by the fetched source and the entry has no source.
   citedwww.range.org/blog/tracking-the-mars-protocol-exploit
2. #8[partially supported][awaiting moderator]in the timeline

   “Mars Protocol Foundation ceases operations. Discord and Telegram channels closed. Protocol wind-down confirmed complete; all user funds returned to wallets.”

   reviewerFoundation ceased operations Mar 23, Discord and Telegram channels were closed, and wind-down confirmed complete on 2026-03-23Search reporting puts the completion announcement near March 31, with channels still 'to be closed'; March 23 appears to be the Foundation's stated operating horizon. Based on search snippets since page bodies were not readable, so confidence is moderate.
   citedwww.rootdata.com/news/595304x.com/mars_protocol/status/2038919794108326247
3. #9[partially supported][awaiting moderator]in section: Protocol Wind-Down and Shutdown

   “Mars Protocol's official Discord and Telegram channels were subsequently closed, and no further support or updates have been provided.”

   reviewerChannels closed and no support provided; wind-down concluded in March 2026 with user funds returnedSource supports the announcement of closure, not that closure occurred. Same snippet-based caveat.
   citedwww.rootdata.com/news/595304

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: December 2025 Security Exploit

   “The attacker looped this pattern 15 times using an initial $49,783.92 USDC to extract approximately $973,000, a return of roughly 19.5x on capital deployed.”

   reviewerExploit on Dec 14, 2025 extracted $973,079 USDC with 15 loops from about $49,783 initial capital; attacker and contract addresses as listedRange matches date, amounts, loop count and addresses. The 19.5x ratio is arithmetic consistent with the figures.
   citedwww.range.org/blog/tracking-the-mars-protocol-exploit
2. #3[confirmed][no action needed]in section: Fund Flow and Attribution

   “Pre-attack funding for the operation was staged via Tornado Cash: the attacker made ten ETH deposits totaling 16.22 ETH, with seven of these deposits occurring approximately one month before the exploit, indicating the attack was premeditated and prepared over a significant period.”

   reviewerFund flow: five hops via Noble, CCTP, Base wallets to Binance hot wallet; Tornado Cash ten deposits totalling 16.22 ETH, seven about a month earlierMatches. Minor: Range lists the Base wallet 0xFF88 as the Tornado-funded wallet; the page says 'the attacker'.
   citedwww.range.org/blog/tracking-the-mars-protocol-exploit
3. #7[confirmed][no action needed]in section: Protocol Wind-Down and Shutdown

   “Governance proposal MRC-165, which put the structured wind-down to a community vote, was approved following a 5-day forum discussion and a 3-day on-chain vote, with execution commencing on February 24, 2026.”

   reviewerMRC-165 vote Feb 21-24, 2026; execution from Feb 24; LTVs fall about 3% per day; LTVs set to 0 by about March 21Vote window, execution date and LTV schedule match. The 5-day forum discussion and approval outcome were not independently checked in this source.
   citedwww.tradingview.com/news/coinmarketcal:3…4-february-2026/