Audit log

Every state-changing event for Sunrise: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-11-05 20:31:09Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 465,840,922

   sig

   4NMCjdedtkYN…v61Mry7bcopyexplorer ↗

   hash

   6j3eSHiNRBrT…Mv4Zs8drcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (10768 B) ▸

   {"actor":"system:backfill","investigation_id":"4365c235-9f00-4fa3-a233-2af6a265d1bf","kind":"publish","page_slug":"sunrise","published_at":"2026-11-05T20:31:09.169Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Sunrise","sections":[{"content":"Sunrise is a liquidity and listing gateway for the Solana blockchain, built and operated by Wormhole Labs, the company behind the Wormhole cross-chain messaging protocol. Saeed Badreg is identified as co-founder and CEO of Sunrise in Solana Foundation's Breakpoint 2026 speaker materials and in Solana Foundation podcast appearances. Some older profiles (e.g., a Blockworks speaker page) describe Badreg in connection with Jump Crypto's strategic partnerships team, which appears to reflect an earlier role rather than his current position; multiple 2026 sources consistently identify him as Sunrise's CEO.","heading":"Identity and Ownership","severity":"low","sources":[{"credibility":1,"name":"Solana Foundation — Breakpoint 2026 London speakers","type":"official","url":"https://solana.com/news/breakpoint-2026-london-speakers-2"},{"credibility":1,"name":"Solana Foundation — Talking Tokens podcast with Saeed Badreg","type":"official","url":"https://solana.com/podcasts/talking-tokens/episodes/why-price-discovery-will-move-onchain-within-3-years-saeed-badreg-e3f5ikt"},{"credibility":2,"name":"Blockworks speaker profile for Saeed Badreg","type":"news_article","url":"https://blockworks.co/speaker/saeed-badreg"}]},{"content":"The Block reported that Wormhole Labs publicly unveiled Sunrise on November 23, 2025, describing it as a gateway designed to bring assets such as Monad's MON token to Solana with standardized, liquid markets from launch, using Wormhole's Native Token Transfers (NTT) infrastructure alongside integrations with the Orb explorer and the Jupiter decentralized exchange. CoinMarketCap Academy's coverage corroborates this account and notes that, at launch, the MON transfer represented the first major real-world test of the platform, meaning its performance had not yet been independently proven at that time. Since launch, reporting from CryptoBriefing and others describes Sunrise expanding to list additional cross-chain assets including Sui's SUI, Arbitrum's ARB, Injective's INJ, and Dogecoin-related assets on Solana.","heading":"Product and Launch","severity":"low","sources":[{"credibility":2,"name":"The Block — Wormhole Labs unveils 'Sunrise' gateway to bring MON and other assets to Solana","type":"news_article","url":"https://www.theblock.co/news/ecosystems/2025-11-23-wormhole-labs-unveils-sunrise-gateway-to-bring-mon-and-other-assets-to-solana-380048"},{"credibility":2,"name":"CoinMarketCap Academy — Sunrise Gateway Launches To Streamline Token Imports Into Solana","type":"news_article","url":"https://coinmarketcap.com/academy/article/sunrise-gateway-launches-to-streamline-token-imports-into-solana"},{"credibility":2,"name":"CryptoBriefing — Sunrise lists Arbitrum's ARB token on Solana via Wormhole NTT","type":"news_article","url":"https://cryptobriefing.com/sunrise-lists-arb-solana-wormhole-ntt/"}]},{"content":"Various crypto-media and aggregator sources report growing usage figures for Sunrise, but these figures are inconsistent across sources and largely unaudited. One podcast-derived figure cited roughly $566.7 million in cumulative swap volume across about 123,000 wallets, and a separate report claimed Sunrise-listed tokens exceeded $1 billion in weekly trading volume on Solana in September 2026. KuCoin's news desk separately cited a figure of roughly $813 million across more than 20 listed assets. These numbers come from promotional or secondary crypto-news sources rather than independently audited data, and should be treated as low-to-medium confidence claims pending verification from primary on-chain data or audited reporting.","heading":"Scale and Volume Claims","severity":"low","sources":[{"credibility":2,"name":"SolanaFloor — Sunrise brings Sui to Solana; network outperforms leading CEXs in trading volume","type":"news_article","url":"https://solanafloor.com/news/sunrise-brings-sui-solana-network-outperforms-leading-cexs-trading-volume"},{"credibility":3,"name":"KuCoin News — Sunrise Platform Launches on Solana to Bridge Traditional Finance and Blockchain","type":"news_article","url":"https://www.kucoin.com/news/flash/sunrise-platform-launches-on-solana-to-bridge-traditional-finance-and-blockchain"}]},{"content":"Sunrise is built on infrastructure from Wormhole Labs, whose core Wormhole cross-chain bridge protocol suffered a major exploit in February 2022, in which an attacker minted approximately 120,000 wrapped ETH (worth roughly $320 million at the time) by bypassing the protocol's signature-verification (guardian) checks on Solana. This was, at the time, among the largest DeFi exploits recorded. Wormhole's backers (via Jump Crypto) replenished the stolen funds, and Wormhole subsequently implemented new security measures, according to a 2023 TechCrunch report. No evidence was found that this 2022 incident directly involved Sunrise, which launched more than three years later, but it is relevant background given that Sunrise relies on the same underlying Wormhole Native Token Transfers bridging technology.","heading":"Parent-Company Security History (Wormhole Bridge Hack, 2022)","severity":"medium","sources":[{"credibility":2,"name":"Blockworks — In Second Largest DeFi Hack Ever, Blockchain Bridge Loses $320M Ether","type":"news_article","url":"https://blockworks.co/news/in-second-largest-defi-hack-ever-blockchain-bridge-loses-320m-ether"},{"credibility":2,"name":"TechCrunch — Wormhole digs out of its hole with new security measures to move on from $320M hack","type":"news_article","url":"https://techcrunch.com/2023/07/27/wormhole-new-security-320m-hack/"}]},{"content":"Web searches for 'Sunrise' combined with fraud-related terms surface an unrelated matter: a 2013 SEC enforcement action against Inter Reef Ltd., doing business as 'Profitable Sunrise,' which the SEC alleged was an Internet-based pyramid and offering-fraud scheme. This case predates the Solana-ecosystem Sunrise product by over a decade and involves a different entity with no apparent connection to Wormhole Labs, Saeed Badreg, or the Solana gateway discussed in this page. It is noted here only to document and dismiss a name-collision risk; no evidence links the two.","heading":"Unrelated Name Match: 'Profitable Sunrise' SEC Case (2013)","severity":"low","sources":[{"credibility":2,"name":"Ponzitracker — SEC Files Suit Against Profitable Sunrise, Calls It 'Fraud and Pyramid Scheme'","type":"news_article","url":"https://www.ponzitracker.com/home/tag/prosun"}]}],"sources_used":[{"credibility":1,"name":"Solana Foundation — Breakpoint 2026 London speakers","type":"official","url":"https://solana.com/news/breakpoint-2026-london-speakers-2"},{"credibility":1,"name":"Solana Foundation — Breakpoint 2026 schedule","type":"official","url":"https://solana.com/breakpoint/schedule"},{"credibility":2,"name":"The Block — Wormhole Labs unveils 'Sunrise' gateway","type":"news_article","url":"https://www.theblock.co/news/ecosystems/2025-11-23-wormhole-labs-unveils-sunrise-gateway-to-bring-mon-and-other-assets-to-solana-380048"},{"credibility":2,"name":"CoinMarketCap Academy — Sunrise Gateway Launches To Streamline Token Imports Into Solana","type":"news_article","url":"https://coinmarketcap.com/academy/article/sunrise-gateway-launches-to-streamline-token-imports-into-solana"},{"credibility":2,"name":"CryptoBriefing — Sunrise lists Arbitrum's ARB token on Solana via Wormhole NTT","type":"news_article","url":"https://cryptobriefing.com/sunrise-lists-arb-solana-wormhole-ntt/"},{"credibility":2,"name":"SolanaFloor — Sunrise brings Sui to Solana","type":"news_article","url":"https://solanafloor.com/news/sunrise-brings-sui-solana-network-outperforms-leading-cexs-trading-volume"},{"credibility":3,"name":"KuCoin News — Sunrise Platform Launches on Solana","type":"news_article","url":"https://www.kucoin.com/news/flash/sunrise-platform-launches-on-solana-to-bridge-traditional-finance-and-blockchain"},{"credibility":2,"name":"Blockworks — In Second Largest DeFi Hack Ever, Blockchain Bridge Loses $320M Ether","type":"news_article","url":"https://blockworks.co/news/in-second-largest-defi-hack-ever-blockchain-bridge-loses-320m-ether"},{"credibility":2,"name":"TechCrunch — Wormhole digs out of its hole with new security measures","type":"news_article","url":"https://techcrunch.com/2023/07/27/wormhole-new-security-320m-hack/"},{"credibility":2,"name":"Blockworks speaker profile for Saeed Badreg","type":"news_article","url":"https://blockworks.co/speaker/saeed-badreg"},{"credibility":2,"name":"Ponzitracker — SEC Files Suit Against Profitable Sunrise","type":"news_article","url":"https://www.ponzitracker.com/home/tag/prosun"}],"summary":"Sunrise is a Solana-focused asset-listing gateway built by Wormhole Labs, intended to let tokens originating on other blockchains (such as Monad's MON, Sui's SUI, and Arbitrum's ARB) trade on Solana with liquidity from day one. It launched in late November 2025 and is led by co-founder and CEO Saeed Badreg, who is scheduled to speak at Solana Breakpoint 2026. No fraud, lawsuit, or regulatory action against Sunrise or Wormhole Labs was found; the main documented risk factor is Sunrise's reliance on Wormhole's cross-chain bridge infrastructure, which suffered a roughly $320 million exploit in 2022 under a different product.","timeline":[{"date":"2022-02","event":"Wormhole, the cross-chain bridge protocol later used as infrastructure for Sunrise, suffered an exploit of approximately $320 million.","source":"Blockworks","source_url":"https://blockworks.co/news/in-second-largest-defi-hack-ever-blockchain-bridge-loses-320m-ether"},{"date":"2025-11-23","date_evidence":"2025-11-23-wormhole-labs-unveils-sunrise-gateway-to-bring-mon-and-other-assets-to-solana","event":"Wormhole Labs publicly unveiled Sunrise, a gateway bringing Monad's MON token and other cross-chain assets to Solana.","source":"The Block","source_url":"https://www.theblock.co/news/ecosystems/2025-11-23-wormhole-labs-unveils-sunrise-gateway-to-bring-mon-and-other-assets-to-solana-380048"},{"date":"2023-07","event":"Wormhole announced new security measures following the 2022 hack.","source":"TechCrunch","source_url":"https://techcrunch.com/2023/07/27/wormhole-new-security-320m-hack/"},{"date":"2026-11","event":"Saeed Badreg, co-founder and CEO of Sunrise, is scheduled to speak on 'The Capital Market Wars' panel at Solana Breakpoint 2026 in London.","source":"Solana Foundation Breakpoint 2026 agenda","source_url":"https://solana.com/breakpoint/schedule"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision e9d57a74-0113-4ddb-87d9-ea448c76dc30copy