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Skyward Finance

avoid.net/skyward-finance→18/100·82% 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·5rGDZu…vgCV

Summary

Skyward Finance was a permissionless token launchpad built on the NEAR Protocol, launched in June 2021. On November 2, 2022, a smart contract vulnerability in its treasury redemption function was exploited, resulting in the loss of approximately 1.1 million NEAR tokens (~$3.2 million USD). The exploit rendered the SKYWARD token and protocol treasury effectively worthless, and the team publicly advised users to withdraw all remaining funds and cease interacting with the platform.

Connected Entities

2 entities · 60 linked investigations
Organizations
□ZachXBT82
Protocols
⌂Skyward Finance
Relationships
  • Skyward Finance→mentioned with→ZachXBT(70%)
Also appears in
Aperture LM·28Trenton Richard Johnston·2Axiom DEX Insider Trading (Broox Bauer)·8MoonHacker·18Dean Daghita / CMDSS (Command Services and Support)·0Gurhan Kiziloz·0SafePal·42AnubisDAO·2SudoRare·2Gurhan Kiziloz (BlockDAG Co-Founder)·0+ 50 more

Connected Through

1 shared actor · 447 investigations

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

Have evidence about Skyward Finance?

Timeline(6 events)

24 June 2021

Skyward Finance launches on NEAR Protocol mainnet following a test sale period.

2 November 2022

Attacker exploits the redeem_skyward smart contract function, draining approximately 1.1 million wNEAR (~$3.2 million USD) from the Skyward Finance treasury in a single transaction.

2 November 2022

Community member Nearscout first identifies and reports the exploit publicly.

3 November 2022

Skyward Finance team issues public statement confirming the exploit rendered 'the Treasury and the $SKYWARD token effectively worthless' and advises users to withdraw all funds and cease platform interaction.

3 November 2022

SKYWARD token price collapses approximately 90–95%. Skyward Finance becomes the first NEAR ecosystem project on the Rekt DeFi exploit leaderboard.

3 November 2022

BlockSec, Halborn, QuillAudits, and Neptune Mutual publish independent analyses identifying the input validation flaw in the redeem_skyward function.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain8 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 8 of 11 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:46 AM

last updated: 8/30/2026, 1:16:32 AM

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