RISEx
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anchored·3GYRha…M649Summary
RISEx is a fully on-chain perpetual-futures exchange built on RISE Chain, backed by Galaxy Ventures and Vitalik Buterin. On August 3, 2026, an unauthorized withdrawal of 673,011.56 USDC was drained from the XLP vault's RWA strategy due to a smart-contract misconfiguration that had been present and exploitable since the vault's July 13, 2026 deployment — a 21-day undetected window. No completed third-party security audit existed for RISEx at the time of the exploit; the team patched the issue by 08:09 UTC the same day and compensated depositors from July protocol fees, but the stolen funds were not recovered.
Connected Entities
3 entities · 60 linked investigations- RISEx→mentioned with→Ethereum(80%)
- Ethereum→mentioned with→Vitalik Buterin(80%)
- RISEx→mentioned with→Vitalik Buterin(80%)
- Vitalik Buterin→mentioned with→Ethereum(65%)
Timeline(8 events)
September 2024
Rise Labs closes a $3.2 million seed round including Vitalik Buterin, Sam Kazemian, and Anthony Sassano.
CMO Intern / RISE Chain funding coverage12 November 2025
RISE Chain announces RISEx and MarketCore, positioning as a global on-chain markets infrastructure on Ethereum Layer 2.
CoinDeskJune 2025
RISE Chain raises $8 million in a second round led by Galaxy Ventures, with participation from Finality Capital Partners, EtherFi, OrangeDAO, and others.
The Defiant13 July 2026
RISEx deploys the XLP vault RWA strategy smart contract — containing a misconfiguration that leaves the vault exploitable. No completed third-party audit exists at deployment.
RISEx official incident disclosure on X23 July 2026
PerpFinder publishes a security assessment of RISEx noting zero completed audits in DefiLlama metadata and assigning a security rating of 3.5/10.
PerpFinder — RISEx Stats 202624 July 2026
RISEx launches the 'Ignite' Season 1 public points and rewards program following $3 billion in cumulative trading volume.
CryptoDaily3 August 2026
At approximately 07:21 UTC, an unauthorized withdrawal of 673,011.56 USDC is executed from the XLP vault's RWA strategy due to the misconfiguration present since July 13.
RISEx official incident disclosure on X / SlowMist Hacked3 August 2026
By 08:09 UTC, RISEx patches the misconfiguration. The team engages SEAL 911, reviews all transactions, and confirms no other unauthorized withdrawals occurred. XLP depositors are made whole from July protocol fees.
RISEx official incident disclosure on XDecision Log
- slot 445506639 · hash FDccCogwxJ6K2wVubo9z5yAAbt7h9UucN1JVCZB1NUx3
- slot 443511172 · hash 8J2wZmQzMUK2w8jb3VJqPP33uczyUrCMhyN4EemVi82Z
- slot 443511156 · hash 9rEnMsAaKLdr9XRiQmMykRKSdRjFS8NXBN1eqwGvjrP7
- slot 443509833 · hash 9afux6cHhrnUAkdP3YtmZaoKtav53kyJ7z6RVvfSsg5w
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 10 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/22/2026, 5:04:18 PM
last updated: 8/25/2026, 3:25:12 AM
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