PrismaLST

2023-09-01

Prisma Finance launches on Ethereum mainnet, offering LST-backed stablecoin minting via mkUSD.

2024-01-01

Prisma introduces ULTRA, a second stablecoin backed by liquid restaking tokens (LRTs).

2024-03-28

Exploit begins at 11:25 UTC. Primary attacker (EOA 0x7E39E3B3ff7ADef2613d5Cc49558EAB74B9a4202) exploits MigrateTroveZap vulnerability, draining approximately $11.6 million. Two copycat attackers follow, bringing total losses to approximately $12.3 million.

2024-03-28

Emergency multisig pauses Prisma protocol at 12:51 UTC. Official post states mkUSD and ULTRA stablecoins remain overcollateralized and are not at immediate risk.

2024-03-29

Attacker-linked wallets begin routing stolen ETH through Tornado Cash. Approximately 1,850 ETH confirmed through the mixing protocol.

2024-03-31

Primary attacker sends on-chain messages claiming 'white hat rescue' and demanding a public press conference, team doxing, and a formal apology before discussing fund return.

2024-04-01

Prisma Finance confirms approximately $540,000 in user funds remain at risk. Disputes attacker's white hat framing given Tornado Cash deposits.

2024-04-05

Core contributor Frank Olson proposes plan to safely unpause the protocol. DAO governance vote yields 100% approval to resume operations.

2024-04-06

Prisma Finance resumes operations following a post-exploit security audit. Users can again deposit LST/LRT collateral and mint stablecoins.

2024-04-16

ZachXBT publishes investigation alleging identification of primary exploiter, linking wallet funding to FixedFloat, Bybit, and TRON withdrawals, and connecting the attacker to prior exploits including Arcade_xyz and Pine Protocol.

2026-05-01

DeFiLlama data shows Prisma Finance TVL below $300,000, down from a pre-exploit peak of approximately $220 million, indicating near-total user exit from the protocol.