RISEx
Summary
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
1 entitiesTimeline(8 events)
2024-09-01
Rise Labs closes a $3.2 million seed round including Vitalik Buterin, Sam Kazemian, and Anthony Sassano.
CMO Intern / RISE Chain funding coverage2025-11-12
RISE Chain announces RISEx and MarketCore, positioning as a global on-chain markets infrastructure on Ethereum Layer 2.
CoinDesk2025-06-01
RISE Chain raises $8 million in a second round led by Galaxy Ventures, with participation from Finality Capital Partners, EtherFi, OrangeDAO, and others.
The Defiant2026-07-13
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 X2026-07-23
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 20262026-07-24
RISEx launches the 'Ignite' Season 1 public points and rewards program following $3 billion in cumulative trading volume.
CryptoDaily2026-08-03
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 Hacked2026-08-03
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
- #1publish⛓ pending8/22/2026, 5:04:26 PMhash: 9afux6cHhrnUAkdP3YtmZaoKtav53kyJ7z6RVvfSsg5w
9 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: 8/22/2026, 9:45:56 PM
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