Pike V1

2024-02-01

Pike Beta launches on mainnet, integrated with Wormhole cross-chain messaging and Circle's CCTP.

2024-03-01

Pike Finance raises approximately $6.45 million in a token presale at $0.0280-$0.0374 per $P token.

2024-04-26

First exploit: attacker drains 299,127 USDC (~$299,279) via a CCTP message forgery vulnerability that auditor OtterSec had previously identified but the team had not patched.

2024-04-30

Second exploit: attacker at 0x19066f7431df29a0910d287c8822936bb7d89e23 exploits a storage mapping flaw introduced by the team's patch, draining 99,970.48 ARB, 64,126 OP, and 479.39 ETH (~$1.68 million) across Arbitrum, Optimism, and Ethereum.

2024-04-30

Stolen proceeds (~562 ETH total across both exploits) laundered through RAILGUN privacy protocol via Li.Fi bridge.

2024-05-01

Pike Finance offers 20% bounty for return of funds or attacker information; commits to making users whole using community treasury $P tokens as collateral.

2024-05-01

Phishing attackers register PikeFinanc Twitter handle and pikefinance.net domain to exploit users awaiting refund communications.

2024-05-01

Pike Finance accepts sole responsibility as integrator; clarifies that Circle (USDC) and Gelato were not at fault for the exploits.

2024-05-31

Team reportedly repays affected users in full using community treasury allocation, though independent verification is limited.

2024-10-01

Pike Finance conducts token generation event (TGE) for $P token on Aerodrome (Base) with only $10,000 in initial liquidity; token price drops approximately 90% within hours.

2024-10-01

Investor backlash intensifies; community members call for ZachXBT to investigate the token launch given the $6.45M presale raise versus the minimal liquidity deployment.

2024-10-21

Pike Finance publishes community update focused on Local Markets development and front-end improvements; does not directly address token price or liquidity concerns.