Midas Capital
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·2a1gts…HqJRSummary
Midas Capital is a multichain DeFi isolated lending protocol that forked its codebase from Rari Capital's Fuse implementation. The protocol suffered two separate security exploits in 2023 totaling approximately $1.26 million in losses, with both incidents attributed to known smart contract vulnerabilities that had previously affected other Compound V2 forks. ZachXBT flagged the protocol, and the second exploit resulted in laundered funds routed through Tornado Cash.
Connected Entities
11 entities · 60 linked investigations- Hundred Finance→mentioned with→Ethereum(70%)
- Hundred Finance→mentioned with→Polygon(60%)
- Compound V2→mentioned with→Ethereum(80%)
- Compound V2→mentioned with→ZachXBT(70%)
- Midas Capital→mentioned with→Polygon(60%)
- Midas Capital→mentioned with→Ethereum(60%)
- Midas Capital→mentioned with→Binance(60%)
- KuCoin→mentioned with→ZachXBT(70%)
- Midas Capital→mentioned with→ZachXBT(70%)
- Midas Capital→mentioned with→Fei Protocol(75%)
- + 23 more
Connected Through
10 shared actors · 603 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □ZachXBTorganization
- □Binanceorganization
- □Polygonorganization
Timeline(11 events)
October 2021
Midas Capital conceptualized at LisCon 2021 as a multichain deployment of Rari Capital's Fuse isolated lending protocol.
2022
Midas Capital launched, offering Tribe DAO a 25% token allocation; proposal passed with 94% governance support.
April 2022
Parent ecosystem Rari Capital's Fuse pools exploited for approximately $80 million; Tribe DAO destabilized.
August 2022
Tribe DAO votes to wind down operations. Midas Capital continues independently.
October 2022
Read-only reentrancy vulnerability in Curve LP tokens exploited against market.xyz for $220,000 — a known precursor to the January 2023 Midas Capital attack.
15 January 2023
Jarvis Polygon pool exploited via read-only reentrancy on WMATIC-stMATIC Curve LP token collateral. Approximately $660,000 in jCHF, jEUR, jGBP, and agEUR stolen and swapped to MATIC. Jarvis Network covers ~$350,000 shortfall.
17 January 2023
Midas Capital publishes post-mortem on January exploit; attempts to contact attacker regarding bounty; no funds recovered.
April 2023
Hundred Finance exploited for approximately $7 million using the same Compound V2 rounding/inflation attack pattern that would later strike Midas Capital.
17 June 2023
BNB Chain Ankr-Helio isolated pool exploited via exchange rate inflation attack (rounding vulnerability in Compound V2 fork). Approximately $340,000 drained per team post-mortem; PeckShield reports over $600,000 total. 510+ BNB laundered through Tornado Cash.
18 June 2023
Midas Capital pauses all pools, contacts authorities, and announces pivot toward permissioned protocol design.
20 June 2023
Midas Capital publishes post-mortem on June exploit detailing rounding vulnerability and incomplete fix inherited from Compound V2 / Hundred Finance patch lineage.
Decision Log
- slot 422983060 · hash 2UA43mmK6TKkAsxP92uvYYbc7d5A6Wybgo69VyjLiTp8
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 13 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:45 AM
last updated: 8/29/2026, 1:35:03 AM
4 viewsavoid.net — verified advice for a post-truth world