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Sentiment

avoid.net/sentiment32/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2SUJEX…RvMp

Summary

Sentiment is an undercollateralized DeFi lending protocol originally deployed on Arbitrum, later migrating activity to HyperLiquid L1. On April 4, 2023, the protocol suffered a read-only reentrancy exploit resulting in approximately $1 million in losses, of which 90% was returned by the attacker following a negotiated $95,000 bounty. ZachXBT has flagged the entity for elevated risk; the protocol remains operational with a low TVL of roughly $518,000 as of 2025.

Connected Entities

6 entities · 60 linked investigations
Relationships
  • Balancermentioned withArbitrum(60%)
  • Hyperliquidmentioned withArbitrum(65%)
  • Sentimentmentioned withArbitrum(70%)
  • Sentimentmentioned withZachXBT(65%)
  • Sentimentmentioned withBalancer(70%)
  • Balancermentioned withEuler Finance(80%)
  • Sentimentmentioned withHyperliquid(80%)
  • Sentimentmentioned withEuler Finance(80%)

Connected Through

5 shared actors · 634 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Sentiment?

Timeline(9 events)

10 September 2022

Sentiment raises $2.4 million seed round led by Archetype Ventures, with Castle Island Ventures and others participating.

2023

Sherlock audit of Sentiment protocol completed; audit judging repository published on GitHub.

4 April 2023

Read-only reentrancy exploit executed on Arbitrum via Balancer integration. Approximately $1 million drained. Sentiment pauses main contract at 18:00 UTC.

5 April 2023

Sentiment team publicly offers $95,000 bounty to attacker with deadline of April 6, 08:00 UTC. Engages PeckShield and law enforcement.

6 April 2023

Attacker returns approximately 90% of stolen funds (~$900,000) after negotiation. Protocol announced 90% recovery.

7 April 2023

Sherlock insurance pays approximately $50,000 to cover a portion of the remaining unrecovered losses.

8 April 2023

Sentiment announces 100% fund recovery and full protocol solvency restoration.

11 April 2023

Sentiment publishes official post-mortem detailing the exploit mechanics and remediation steps.

24 February 2025

Sentiment completes a public token sale raising $1 million, bringing total disclosed funding to $3.4 million. Protocol operating on HyperLiquid L1.

Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 10 of 16 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:42 AM

last updated: 8/30/2026, 8:30:08 PM

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