Skip to main content
AVOID.NET
Sign in

Midas Capital

avoid.net/midas-capital→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·2a1gts…HqJR

Summary

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
Organizations
□Polygon54□Midas Capital□Ethereum64□Binance45□Rari Capital8□ZachXBT82□Compound V228
Protocols
⌂Fei Protocol / Rari Capital6⌂Fei Protocol22⌂Hundred Finance8
Tokens
♦KuCoin28
Relationships
  • 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
Also appears in
Fei Protocol·22Polygon·54Rari Capital·8Fei Protocol / Rari Capital·6Ethereum·64Hundred Finance·8Compound V2·28KuCoin·28Lendf.me·30Levyathan·18+ 50 more

Connected Through

10 shared actors · 621 investigations

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

Have evidence about Midas Capital?

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.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain13 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 13 of 21 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:45 AM

last updated: 8/30/2026, 12:41:18 PM

4 views

avoid.net — verified advice for a post-truth world