Meerkat Finance
Last changed 2026-11-02 · 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.
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 0/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 4 of 9 claims confirmed · 4 need better sources · 1 disputed
anchored·JakD2o…7Z7hSummary
Meerkat Finance was a Binance Smart Chain yield-vault protocol that launched on March 3, 2021 and was drained of approximately $31.56 million in BUSD and BNB less than 24 hours later. On-chain evidence indicates the project's own deployer address executed the exploit, pointing to an intentional exit scam rather than an external hack. A developer identifying as 'Jamboo' subsequently claimed the drain was a 'trial' testing user greed, promised full refunds, and approximately 95% of funds were eventually recovered under heavy pressure from Binance and the BSC community.
Connected Entities
6 entities · 60 linked investigations- Yearn Finance→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- TurtleDex→mentioned with→Ethereum(60%)
- TurtleDex→mentioned with→Binance(80%)
- Meerkat Finance→mentioned with→Yearn Finance(80%)
- TurtleDex→mentioned with→Meerkat Finance(80%)
- Meerkat Finance→mentioned with→Ethereum(60%)
- Meerkat Finance→mentioned with→ZachXBT(65%)
- + 2 more
Timeline(7 events)
3 March 2021
Meerkat Finance launches on Binance Smart Chain at approximately 19:00 UTC. The protocol attracts over $31 million in user deposits within 24 hours.
4 March 2021
At 08:53:10 UTC, the Meerkat Finance deployer upgrades the WBNB Vault to a malicious contract. At 08:53:31 UTC, the BUSD Vault is similarly upgraded. By 08:54:55 UTC, 13,968,039 BUSD and 73,635 WBNB (totaling approximately $31.56 million) are drained from both vaults.
4 March 2021
Meerkat Finance's website, Twitter account, and GitHub repositories are taken offline. Cached copies are removed from Wayback Machine and Google Cache. The Binance.org Bridge is suspended to prevent cross-chain movement of stolen funds.
4 March 2021
Binance announces it will freeze any stolen funds that reach its exchange. Binance engages PeckShield, SlowMist, and CertiK to assist in the investigation.
5 March 2021
A developer using the pseudonym 'Jamboo' posts in a new Telegram channel ('Meerkatrefunds') claiming the exploit was a 'trial' testing user greed. Jamboo confirms association with the project by sending a transaction from the deployer address and promises full refunds.
6 March 2021
A refund smart contract is deployed. Victims are required to interact with the contract directly to reclaim their funds.
7 March 2021
Approximately 95% of user funds (~$30 million) are reported as recovered, with ongoing distributions to remaining victims. Binance describes the outcome as the largest fund recovery it has participated in.
Decision Log
- slot 464292303 · hash CHGYRoayxyh5DQddb5AjuMhMrfPiSVxdoJCiaRUzpQcL
- slot 464292298 · hash FrVqAUdcz67kGHxvXwjPiEYsAsmZk6XMy3RQP1SpQc7c
- slot 461963152 · hash 43FZTgHcdbTqZ11TzCAzpYgpAVGitLecm1JnhffJXXmp
- slot 421342885 · hash 7ndp4Z8kujyRnYr6DbD5gCxvynAUwEiVjnXDjVVkwJr8
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 14 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:58 AM
last updated: 11/2/2026, 12:23:15 AM
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