Thetanuts Finance
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anchored·62xLuu…vReRSummary
Thetanuts Finance is a multi-chain DeFi options protocol launched in August 2021, offering structured products (options vaults) across Ethereum, BNB Chain, Arbitrum, Polygon, and other networks. The protocol has raised $35 million across two funding rounds and has undergone seven smart-contract audits, but suffered a $2.1 million exploit in June 2026 targeting a deprecated legacy vault, with approximately $2 million subsequently recovered through whitehat efforts. TVL has declined substantially from a 2022 peak of roughly $50 million to under $1 million as of mid-2026.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Community submissions
- https://www.cryptotimes.io/2026/06/15/2-1m-exploit-hits-thetanuts-inside-the-latest-defi-flash-loan/
“June 15 2026 flash loan exploit draining $2.1M from deprecated Thetanuts vault via index-token math flaw”
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Timeline(10 events)
August 2021
Thetanuts Finance launches as a DeFi options vault protocol.
GlobeNewswire / official materials14 December 2021
X41 D-Sec completes the first public smart contract security audit of Basic Vaults.
X41 D-Sec audit reportMarch 2022
Thetanuts Finance raises $18 million seed round led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto.
GlobeNewswireMay 2022
TVL peaks at approximately $50 million. PeckShield completes audit of Basic Vaults, Stronghold, Degen Vaults, Wheel Vaults, and NUTS Token.
Thetanuts Finance Medium / DefiLlamaJuly 2022
Three Arrows Capital (seed lead investor) files for bankruptcy following the Terra/LUNA collapse and broader market contagion.
CNBC24 April 2023
Thetanuts Finance raises $17 million Series A led by Polychain Capital, Hyperchain Capital, and Magnus Capital.
CoinDeskNovember 2023
Consensys Diligence and Halborn complete audits of the NUTS token and Thetanuts Finance v3 protocol respectively.
Thetanuts Finance security documentationDecember 2023
Thetanuts Finance announces v3 upgrade and launches v3 Incentivized Alpha on Arbitrum.
Thetanuts Finance MediumMay 2024
NUTS governance token launches via Season 1 airdrop and Bybit Web3 IDO. Protocol reports peak v3-era TVL of approximately $31 million, ranking first among DeFi options protocols on DefiLlama.
Thetanuts Finance Medium / Bitget News15 June 2026
Attacker exploits a deprecated legacy Ethereum vault via flash loan, draining $2.1 million. Whitehat responders recover approximately $2 million; attacker retains roughly $105,000. Thetanuts Finance confirms active products were not affected.
Cryptopolitan / CryptoTimes / The DefiantDecision Log
- hash: DWU5tkSMLdut5FZL7mReR8wuLLBfULEVPd7azNdGvayy
- hash: 3HN287o4s3nS49cqo9ujmWyjFTWsWpdnYAg6fTRrYN9a
- hash: 9vz1xMJ6qMx2G4oeBDhdqF3m7gqbUUzuV37F4QM9mRbF
- hash: F6xHDESM3xoWnYnzcFtaWj1E9A8nHhNrqpdiTpM4kR4v
This investigation is cryptographically anchored to the Solana blockchain (4 events). 14 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:16 AM
last updated: 8/20/2026, 10:09:27 PM
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