Summary
Rubic is a cross-chain DEX aggregator founded in 2020 by Vladimir Tikhomirov and Alexandra Korneva, supporting swaps across 90+ blockchains. The protocol suffered two significant security incidents within two months in late 2022: a private key compromise in November that drained approximately $1.2 million in RBC tokens, followed by a smart contract exploit on December 25, 2022 that stole roughly $1.4 million in user USDC. Both events caused severe token price collapses, though the platform subsequently implemented new security architecture and remained operational into 2025.
Connected Entities
1 entitiesTimeline(10 events)
2017-01-01
Founders Vladimir Tikhomirov and Alexandra Korneva launch MyWish, a smart contract platform, establishing the team's crypto background.
2020-01-01
Rubic project founded; team raises approximately $500,000 (1,800 ETH) in initial funding.
2022-11-02
Admin wallet private key compromised; attacker drains approximately 34 million RBC/BRBC tokens worth ~$1.2 million and sells on Uniswap and PancakeSwap. RBC price collapses over 98%.
2022-12-25
Smart contract exploit: attacker exploits USDC miswhitelisting and lack of input validation in routerCallNative to steal ~$1.4 million in USDC from 49 users. Funds laundered through Tornado Cash.
2022-12-25
Rubic pauses all contracts and advises users to revoke approvals via revoke.cash.
2022-12-29
Rubic publishes post-hack weekly report, announces compensation plan capped at $5,000 per affected user funded from founder personal savings.
2023-04-03
Rubic relaunches with new security architecture: MixBytes-audited contracts, Gnosis Safe multisig, new CISO hired, Immunefi bug bounty program launched.
2023-05-01
DFintoch collapse ($31.6M exit scam) investigated by ZachXBT; Merkle Science notes swap contracts used for DFintoch laundering were also associated with Rubic exploit proceeds.
2024-12-31
Rubic reports 2024 full-year metrics: 828K+ transactions, $391.5M volume, 369K+ wallets.
2025-03-31
Rubic reports Q1 2025 record: $433 million in transaction volume across 93 supported blockchains.
Decision Log
- hash: 9Gmfm28ZNKA6xP96kGDxPynMdmTbeBgQ2UuxsvosKgN6
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:45 AM
last updated: 5/28/2026, 3:34:43 AM
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