Polter Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 10 → 50. Problems weighed by who is responsible: incidents the subject suffered −6.4, concerns that are not fraud −6.4, problems around the subject, caused by others −0.8; no longer operating, so capped at 50. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -0.8 |
| Sum | 51 |
- No longer operating, so capped at 50.
Score: 50/100 (kept between 0 and 100)
How scoring works →Summary
Polter Finance was a decentralized lending protocol on the Fantom blockchain that suffered a critical oracle price manipulation exploit on November 16, 2024, resulting in losses estimated between $8.7 million and $12 million. The protocol was an unaudited fork of Geist Finance that relied on spot prices from SpookySwap liquidity pools as its oracle, a fundamental design flaw that allowed an attacker using funds originating from Tornado Cash to drain nearly all protocol TVL. The platform ceased operations following the hack, with no confirmed recovery of stolen assets as of mid-2026.
Connected Entities
7 entities · 60 linked investigations- Platypus Finance→mentioned with→Binance(70%)
- Euler Finance→mentioned with→Ethereum(80%)
- Fantom (Sonic Labs)→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- Polter Finance→mentioned with→UwuLend(60%)
- Polter Finance→mentioned with→Binance(70%)
- Polter Finance→mentioned with→Ethereum(70%)
- Polter Finance→mentioned with→Fantom (Sonic Labs)(80%)
- Polter Finance→mentioned with→Euler Finance(80%)
- Polter Finance→mentioned with→Platypus Finance(80%)
- + 1 more
Timeline(7 events)
16 November 2024
Attacker, using funds sourced from Tornado Cash on Ethereum bridged to Fantom, exploits the BOO lending market oracle via flash loan price manipulation, draining an estimated $8.7M–$12M from Polter Finance.
17 November 2024
Polter Finance pauses platform, issues public disclosure on X, notifies bridge operators, and traces alleged fund movement to Binance wallets.
17 November 2024
Pseudonymous founder Whichghost files a police report with Singapore authorities via Singpass, recording losses of SGD 16.1M (~$12M USD).
17 November 2024
Polter Finance sends on-chain message to exploiter offering no-prosecution negotiation; attacker does not respond.
18 November 2024
Polter Finance announces partnership with SEAL-ISAC to assist in attacker identification and fund tracing.
18 November 2024
On-chain forensics confirm attacker split ~10M FTM across 11 wallets, bridged to Ethereum via SquidRouter/Li.fi, and laundered at least 220 ETH through Tornado Cash.
20 November 2024
Polter Finance ceases operations. No user compensation mechanism is announced. Protocol remains offline.
Decision Log
- slot 455361052 · hash 7y8A78KwhhFCmaNVsRiGuixtqpicwvS4qrpNWzmPNGau
- slot 420910754 · hash 6mYdyNXWMnXZYYc7JPeVFUbBbLJqHLoGr5JGMczNcr7n
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 9 of 9 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:27 AM
last updated: 10/10/2026, 6:41:48 PM
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