Team Finance

2020-01-01

Team Finance founded as part of TrustSwap Inc., offering token locking and vesting smart contracts for DeFi projects.

2022-01-19

Hacken conducts smart contract audit of Team Finance's LockToken.sol and related contracts; migrate() function not yet in scope as it had not been added to the codebase.

2022-04-29

TrustSwap publishes press release stating Team Finance has secured over $6.5 billion in total value and serves more than 21,000 projects.

2022-08-01

Zokyo conducts audit of Team Finance contracts including the migrate() function, flagging two critical vulnerabilities related to arbitrary token address use and reentrancy. Team Finance dismisses findings as 'intended logic.'

2022-10-27

Exploit executed: attacker drains approximately $14.5–15.8 million from four LP pools (FEG, CAW, TSUKA, KNDX) locked on Team Finance via a manipulated Uniswap V2-to-V3 migration call. Team Finance immediately pauses all protocol activity.

2022-10-28

Team Finance publicly appeals to the attacker to return funds in exchange for a bounty. SlowMist, KALOS Security, and other firms publish on-chain analysis of the exploit.

2022-10-29

Attacker begins returning funds to affected projects via on-chain transactions, identifying themselves as a 'whitehat' hacker in embedded transaction messages.

2022-10-31

Approximately $7 million in tokens returned to the four affected project communities (Kondux, Tsuka, FEG, CAW). Attacker retains roughly 10% as a self-declared bug bounty. CoinDesk and CoinTelegraph report on the partial recovery.

2023-06-01

Team Finance representative states that all affected users have received the vast majority of their funds back. Platform reports CertiK engaged as new auditor and multiple security enhancements implemented.

2023-07-01

Jeff Kirdeikis transitions from CEO to Board Chairman of TrustSwap.