SuperRare
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 45 → 61. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −3.2, problems around the subject, caused by others −1.6; legitimacy credit long-running +10; fact-check adjustments (−7) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -1.6 |
| Long-running | +10 |
| Sum | 61 |
Score: 61/100 (kept between 0 and 100)
How scoring works →Summary
SuperRare is a curated Ethereum-based NFT art marketplace founded in 2018 by John Crain, Charles Crain, and Jonathan Perkins, operating as a high-end platform for 1-of-1 digital artworks with its own governance token RARE. On July 28, 2025, a critical access control vulnerability in the platform's RareStakingV1 staking contract was exploited, resulting in the theft of approximately 11.9 million RARE tokens worth roughly $731,000. SuperRare subsequently reimbursed the 61 affected wallets by August 5, 2025, and the RARE token recovered approximately 41% following the remediation announcement.
Connected Entities
2 entities · 60 linked investigations- SuperRare→mentioned with→Ethereum(70%)
Timeline(11 events)
2017
John Crain, Charles Crain, and Jonathan Perkins begin building SuperRare in Brooklyn, working initially without external investment.
2018
SuperRare officially launches as a curated Ethereum-based NFT art marketplace.
March 2021
SuperRare raises $9 million Series A led by Velvet Sea Ventures and 1confirmation, with participation from Mark Cuban, Chamath Palihapitiya, Ashton Kutcher, Marc Benioff, Samsung Next, and BlockTower Capital.
August 2021
SuperRare announces the RARE governance token and the SuperRare DAO, transitioning toward decentralized community governance of the platform.
11 October 2021
RARE token reaches its all-time high price of approximately $3.79 per token, coinciding with the peak of the broader NFT market.
12 May 2022
RARE token hits an all-time low of approximately $0.1365, reflecting the broader crypto and NFT market downturn.
2023
SuperRare launches the Rare Protocol, further decentralizing curatorial authority to RARE token holders through community-governed Spaces.
22 January 2025
The eventual exploit attacker funds their wallet via Tornado Cash approximately 186 days before the July 2025 attack, indicating premeditated planning.
28 July 2025
SuperRare's RareStakingV1 contract (0xfFB512B9176D527C5D32189c3e310Ed4aB2Bb9eC) is exploited via a broken access control vulnerability in the updateMerkleRoot() function. A frontrunner intercepts the exploit, stealing approximately 11.9 million RARE tokens (~$731,000). RARE token price drops approximately 12%. Security firms Cyvers Alerts, PeckShield, and Blockaid publicly flag the incident.
29 July 2025
SuperRare freezes affected accounts, engages cybersecurity firms and third-party auditors, and mandates re-audits for all post-audit code modifications.
5 August 2025
SuperRare announces full reimbursement of 61 affected wallets. RARE token surges approximately 41% on the news; derivatives trading volume doubles.
Decision Log
- slot 457416755 · hash 9VCDWMHUv9EVcriGuKNE22ehUpT8xgenRZh3kSn1PBmH
- slot 455365597 · hash CPVrnMBcBcShFFWhpzb37sFh3M9x8dMJocmxRNo4MjaZ
- slot 425422182 · hash 8gePJwZfRh4znUfrV9U6DtvUhY122fNpNTK2GNCYofGi
- slot 425422178 · hash 9x1oBFh3r5MhbAXHzuDEz4dD7CE98HMHjyj52EvaeZdf
- slot 422984258 · hash CAHrSs2LSka1p5KLX1hArPEt2RdmcX6V6KiQijWnn7hU
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 23 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:22 AM
last updated: 10/10/2026, 6:45:50 PM
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