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Polter Finance

avoid.net/polter-finance→10/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·MQq4w2…fmGu

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

1 entities
Protocols
⌂Polter Finance
Relationships
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    Timeline(7 events)

    2024-11-16

    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.

    2024-11-17

    Polter Finance pauses platform, issues public disclosure on X, notifies bridge operators, and traces alleged fund movement to Binance wallets.

    2024-11-17

    Pseudonymous founder Whichghost files a police report with Singapore authorities via Singpass, recording losses of SGD 16.1M (~$12M USD).

    2024-11-17

    Polter Finance sends on-chain message to exploiter offering no-prosecution negotiation; attacker does not respond.

    2024-11-18

    Polter Finance announces partnership with SEAL-ISAC to assist in attacker identification and fund tracing.

    2024-11-18

    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.

    2024-11-20

    Polter Finance ceases operations. No user compensation mechanism is announced. Protocol remains offline.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:27 AM

    last updated: 5/20/2026, 4:09:18 AM

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