MonoSwap
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 18 → 55. Problems weighed by who is responsible: incidents the subject suffered −9.6, concerns that are not fraud −3.2, problems around the subject, caused by others −1.6; legitimacy credit long-running +4. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Problems around it, caused by others | -1.6 |
| Long-running | +4 |
| Sum | 55 |
Score: 55/100 (kept between 0 and 100)
How scoring works →Summary
MonoSwap is a decentralized exchange (DEX) and launchpad built on the Blast L2 network that launched in late February 2024. On July 24, 2024, the protocol was compromised via a social engineering attack in which a developer was tricked into installing infostealer malware disguised as a video conferencing app, allowing attackers to drain approximately $1.3 million in staked liquidity. The stolen funds were subsequently laundered through Tornado Cash, and the protocol has remained largely inactive with negligible TVL since the incident.
Connected Entities
6 entities · 60 linked investigations- WazirX→mentioned with→ZachXBT(70%)
- Blast→mentioned with→ZachXBT(70%)
- Monoswap→mentioned with→Uniswap(60%)
- Monoswap→mentioned with→ZachXBT(70%)
- Monoswap→mentioned with→Blast(70%)
- Monoswap→mentioned with→WazirX(60%)
Connected Through
5 shared actors · 589 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □ZachXBTorganization
- ⌂Uniswapprotocol
- □Blastorganization
- □WazirXorganization
Timeline(8 events)
February 2024
MonoSwap launches on Blast L2 mainnet coinciding with Blast's mainnet launch
April 2024
MonoSwap TVL peaks at approximately $2.8 million
23 July 2024
MonoSwap developer installs counterfeit Kakao video conferencing application (kakaocall[.]kr) during a call with individuals posing as venture capitalists; infostealer malware extracts private keys
24 July 2024
MonoSwap publicly discloses the hack via X (Twitter), advising users not to deposit funds or stake and to withdraw immediately; attackers drain most staked liquidity positions
25 July 2024
SlowMist publishes analysis of kakaocall[.]kr phishing infrastructure; links it to broader coordinated social engineering campaign; same phishing domain found in compromised @OurTinTinLand tweet
25 July 2024
Multiple security outlets confirm approximately $1.3 million in losses laundered through Tornado Cash
25 July 2024
MonoSwap states it is investigating and 'planning refund options'
May 2026
MonoSwap V3 TVL remains at approximately $95,000; no evidence of refund program or recovery; protocol effectively dormant
Decision Log
- slot 455369737 · hash 6PyAkTBFgMcUbVuJMVLBbUNYTnWageo1WVfrqgswW8sR
- slot 422639350 · hash Ei98RMyTWmdVpJZ5nkyTT2ZK3o2jQa2Mm6DxovHoagW9
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 13 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:30 AM
last updated: 10/10/2026, 6:49:38 PM
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