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Omm1 decision on this page

Audit log

Every state-changing event for Omm: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

  1. #1publishby system:backfill
    2026-05-28 16:22:10Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 422,755,658
    sig
    5zG6py2nCPND…WSUDY37pexplorer ↗
    hash
    2WB1Z7FfTr5q…wtu6X8Pfsha256 → base58
    verifying row…full verify ↗
    canonical bytes (6842 B) ▸
    {"actor":"system:backfill","investigation_id":"7c707cc4-4d00-4fd5-8f55-9d00a1f1e3e7","kind":"publish","page_slug":"omm","published_at":"2026-05-28T16:22:10.537Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Omm","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.globenewswire.com/en/news-release/2021/08/24/2285343/0/en/Omm-Launches-Decentralised-Money-Markets-on-ICON-Blockchain.html","type":"other","url":""},{"credibility":3,"name":"https://theicon.ist/2021/08/27/welcome-omm-icons-decentralized-open-money-market/","type":"other","url":""},{"credibility":3,"name":"https://ommfinance.medium.com/omm-a-new-defi-project-for-icon-c840abd4befe","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://forum.omm.finance/t/omm-exploit-postmortem-january-2023/266","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/omm","type":"other","url":""},{"credibility":3,"name":"https://medium.com/rektify-ai/learning-from-the-biggest-defi-hacks-of-2023-1cab753ac4ea","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://forum.omm.finance/t/omm-exploit-postmortem-january-2023/266","type":"other","url":""},{"credibility":3,"name":"https://medium.com/rektify-ai/learning-from-the-biggest-defi-hacks-of-2023-1cab753ac4ea","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/omm","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.omm.finance/liquid-staking-pivot","type":"other","url":""},{"credibility":3,"name":"https://omm.finance/","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/omm","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://coinmarketcap.com/currencies/omm-finance/","type":"other","url":""},{"credibility":3,"name":"https://theicon.ist/2021/08/27/welcome-omm-icons-decentralized-open-money-market/","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/omm","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://myiconcommunity.com/p-rep-interviews/balanced-network-founder-how-to-build-biggest-dex-on-icon-network-best-multi-chain-scott-smiley/","type":"other","url":""},{"credibility":3,"name":"https://theicon.ist/the-icon-team/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/omm","type":"other","url":""},{"credibility":3,"name":"https://forum.omm.finance/t/omm-exploit-postmortem-january-2023/266","type":"other","url":""},{"credibility":3,"name":"https://twitter.com/ommfinance","type":"other","url":""}]}],"sources_used":[{"credibility":2,"name":"Omm exploit postmortem | January 2023 - Omm Forum","type":"official","url":"https://forum.omm.finance/t/omm-exploit-postmortem-january-2023/266"},{"credibility":2,"name":"DeFiLlama - Omm Protocol Page","type":"research","url":"https://defillama.com/protocol/omm"},{"credibility":2,"name":"Learning from the Biggest DeFi Hacks of 2023 - Rektify AI (Medium)","type":"research","url":"https://medium.com/rektify-ai/learning-from-the-biggest-defi-hacks-of-2023-1cab753ac4ea"},{"credibility":2,"name":"Omm Launches Decentralised Money Markets on ICON Blockchain - GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/en/news-release/2021/08/24/2285343/0/en/Omm-Launches-Decentralised-Money-Markets-on-ICON-Blockchain.html"},{"credibility":2,"name":"Welcome Omm, ICON's Decentralized Open Money Market - The Iconist","type":"news_article","url":"https://theicon.ist/2021/08/27/welcome-omm-icons-decentralized-open-money-market/"},{"credibility":2,"name":"Omm: a new DeFi project for ICON - Medium","type":"official","url":"https://ommfinance.medium.com/omm-a-new-defi-project-for-icon-c840abd4befe"},{"credibility":2,"name":"Omm Liquid Staking Pivot Documentation","type":"official","url":"https://docs.omm.finance/liquid-staking-pivot"},{"credibility":2,"name":"Omm Finance Official Website","type":"official","url":"https://omm.finance/"},{"credibility":2,"name":"CoinMarketCap - Omm Tokens (OMM)","type":"other","url":"https://coinmarketcap.com/currencies/omm-finance/"},{"credibility":3,"name":"Balanced Network Founder Interview - ICON Community (Scott Smiley)","type":"other","url":"https://myiconcommunity.com/p-rep-interviews/balanced-network-founder-how-to-build-biggest-dex-on-icon-network-best-multi-chain-scott-smiley/"},{"credibility":2,"name":"The ICON Team - The Iconist","type":"other","url":"https://theicon.ist/the-icon-team/"},{"credibility":2,"name":"DeFi Hacks & Exploits Database - DefiLlama","type":"research","url":"https://defillama.com/hacks"}],"summary":"Omm (Open Money Market) is a decentralized lending and borrowing protocol built on the ICON blockchain, launched in August 2021 by Lydia Labs (formerly ICX Station), co-founded by Scott Smiley and Daeki Lee. On January 21, 2023, the protocol suffered a smart contract exploit in which an attacker deployed a malicious contract to drain approximately $1.9 million in user collateral across 18 transactions, exploiting a critical flaw in the Redeem function. Following the exploit, the protocol pivoted away from its money market model toward a liquid staking product, which launched in January 2024, though TVL and market activity remain minimal.","timeline":[{"date":"2021-08-24","event":"Omm officially launches on the ICON blockchain, announced via GlobeNewswire.","source":""},{"date":"2021-08-26","event":"First OMM tokens minted; protocol reports over $50 million TVL within 48 hours of launch.","source":""},{"date":"2022-01-01","event":"Omm publishes January 2022 roadmap update; protocol is active with lending and borrowing markets operational.","source":""},{"date":"2023-01-21","event":"Smart contract exploit: attacker deploys malicious contract and drains approximately $1.9 million in IUSDC, USDS, bnUSD, and sICX collateral across 18 transactions via a vulnerability in the Redeem function.","source":""},{"date":"2023-01-23","event":"Omm team publishes official postmortem on community forum; lending markets not relaunched. Team states they are contacting exchanges to attempt fund recovery.","source":""},{"date":"2023-01-01","event":"Community governance discussions begin regarding pivot away from money market to liquid staking product.","source":""},{"date":"2024-01-01","event":"Liquid staking product for ICX (sICX) launches on Omm following community governance approval, replacing the prior lending market.","source":""}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision ac5ebc9a-981a-43e9-907c-50933e0c1850
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.