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Texture Finance

avoid.net/texture→28/100·72% 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·5undru…gPMe

Summary

Texture Finance is a Solana-based decentralized lending protocol founded in 2021 and backed by $5 million in venture funding from P2P Capital, Sino Global Capital, Wintermute, and Jane Street Capital. In July 2025, a missing ownership check in its USDC vault smart contract allowed an attacker to steal approximately $2.2 million in user funds; the protocol negotiated a 10% greyhat bounty and recovered roughly $1.98 million. User withdrawals remained disabled following the exploit, and a formal repayment timeline had not been published as of mid-2025.

Connected Entities

4 entities · 60 linked investigations
Organizations
□Texture□Wintermute38□Solana62
Protocols
⌂Texture Finance
Relationships
  • Texture→mentioned with→Solana(70%)
  • Texture→mentioned with→Wintermute(70%)
Also appears in
Solana·62Wintermute·38Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15Shibarium·28Sky (MakerDAO)·51SIGMA Bot·4Crossmint·70Teraswitch (Solana validator hosting concentration incident)·52Socket Security Malicious Browser Extension Campaign August 2026·2+ 50 more

Connected Through

2 shared actors · 401 investigations

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

Have evidence about Texture Finance?

Timeline(6 events)

2021

Texture Finance founded by Oleg Ravnushkin and Igor Burlakov in Lisbon, Portugal as a Solana-based DeFi yield management protocol.

2 November 2022

Texture Finance announces completion of $5 million funding round co-led by P2P Capital and Sino Global Capital, with Wintermute, Semantic Ventures, and Jane Street Capital participating.

September 2024

Texture launches Texture 2.0, a modular lending protocol on Solana built on SuperLendy, allowing permissionless creation and management of lending pools and vaults.

9 July 2025

Texture Finance detects and discloses a critical exploit in its USDC vault smart contract. A missing ownership check in the rebalance function allows an attacker to drain approximately $2.2 million in USDC. The team activates safe mode, disables withdrawals, and sends an on-chain message offering a 10% bounty for return of the remaining 90% of stolen funds.

10 July 2025

The attacker returns approximately $1.98 million in USDC to Texture Finance's designated Solana address, retaining $220,000 as the agreed greyhat bounty. Texture states it will not pursue legal action.

11 July 2025

Texture Finance publishes follow-up update confirming fund recovery, noting that the patched contract is undergoing review with auditing partner Certora and that a post-mortem analysis is forthcoming. Withdrawals remain suspended pending redeployment.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain7 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 7 of 11 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:21 AM

last updated: 8/30/2026, 12:05:00 PM

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