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SUNRAY·FINANCE

avoid.net/sunrayfinance→8/100·82% 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·2fMXjR…WB5X

Summary

Sunray Finance was a perpetual-trading DEX protocol on Arbitrum that suffered a critical exploit on October 30, 2024, resulting in approximately $2.7–2.9 million in losses. An attacker — using what the team attributed to a compromised private key — upgraded the protocol's management contract and minted 200 sextillion SUN tokens, then swapped a portion for USDT before the token price collapsed to zero. The project website subsequently went offline with no confirmed fund recovery, and the protocol's pre-exploit marketing included unverified claims of SoftBank backing and unsustainable 299% annual yield promises.

Connected Entities

1 entities
Protocols
⌂SUNRAY·FINANCE
Relationships
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    Timeline(6 events)

    17 September 2024

    SUN token launches on Arbitrum at approximately $7, with trading beginning on the Sunray Finance DEX.

    October 2024

    SUN token price reaches approximately $10 as the protocol markets 299% annual yield and alleged SoftBank backing.

    30 October 2024

    Attacker upgrades Sunray Finance management contract (0xb1bbe57f5c474996a84274f0078a2411e1a65b8a) and mints 200 sextillion SUN tokens, swapping approximately half for $2.1 million USDT. SUN token price collapses to zero. Separate arbitrage bot captures ~$560,000 ETH profit from a secondary liquidity pool.

    31 October 2024

    CoinTelegraph, Cryptopolitan, and other outlets report the exploit. Total losses confirmed at approximately $2.7–2.9 million. Sunray Finance team posts on social media claiming private key compromise and denying insider involvement.

    November 2024

    Sunray Finance team reports contacting Binance security team for recovery assistance. No further updates issued to the public afterward.

    30 November 2024

    Sunray Finance website goes offline. No recovery or user reimbursement announced.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain5 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 5 of 7 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:28 AM

    last updated: 8/29/2026, 7:06:47 PM

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