Texture Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 28 → 61. Problems weighed by who is responsible: incidents the subject suffered −6.4, concerns that are not fraud −3.2, problems around the subject, caused by others −2.4; legitimacy credit long-running +8. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -2.4 |
| Long-running | +8 |
| Sum | 61 |
Score: 61/100 (kept between 0 and 100)
How scoring works →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- Texture→mentioned with→Solana(70%)
- Texture→mentioned with→Wintermute(70%)
Connected Through
2 shared actors · 379 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Wintermuteorganization
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.
Decision Log
- slot 455364083 · hash Ea7F4BtEuTvNx8ZuSJVRcLafArmqkvmywp3Tdw4kQ3X
- slot 422573686 · hash FGLAxfoaBSBZhtLRqWqL5fqmtuoxxwd6vW8Krc5Wh3Y
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 7 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:21 AM
last updated: 10/10/2026, 6:44:24 PM
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