Verify a decision

{"actor":"system:backfill","investigation_id":"f0fb353d-7225-4009-b497-c32fcb3f7b2d","kind":"publish","page_slug":"eleven-finance","published_at":"2026-05-28T17:55:06.018Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Eleven Finance","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://rekt.news/11-rekt","type":"other","url":""},{"credibility":3,"name":"https://elevenfinance.medium.com/eleven-finance-nrv-vault-exploit-and-loss-of-funds-a-post-mortem-437a79ded743","type":"other","url":""},{"credibility":3,"name":"https://peckshield.medium.com/eleven-finance-incident-root-cause-analysis-123b5675fa76","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://skynet.certik.com/projects/elevenfinance","type":"other","url":""},{"credibility":3,"name":"https://docs.eleven.finance/security","type":"other","url":""},{"credibility":3,"name":"https://elevenfinance.medium.com/eleven-finance-nrv-vault-exploit-and-loss-of-funds-a-post-mortem-437a79ded743","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://elevenfinance.medium.com/eleven-finance-recovery-plan-a3869f8242d0","type":"other","url":""},{"credibility":3,"name":"https://elevenfinance.medium.com/eleven-finance-a-plan-for-the-return-of-funds-recovered-from-the-nerve-vault-exploit-39a006af20d3","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://bscscan.com/token/0xacd7b3d9c10e97d0efa418903c0c7669e702e4c0","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/eleven-finance/","type":"other","url":""},{"credibility":3,"name":"https://coinpaprika.com/coin/ele-eleven-finance/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.scam-detector.com/validator/eleven-finance-review/","type":"other","url":""},{"credibility":3,"name":"https://isthiscoinascam.com/check/eleven-finance","type":"other","url":""}]}],"sources_used":[{"credibility":2,"name":"Eleven Finance — REKT News","type":"news_article","url":"https://rekt.news/11-rekt"},{"credibility":2,"name":"Eleven Finance NRV Vault Exploit Post-Mortem (Medium)","type":"official","url":"https://elevenfinance.medium.com/eleven-finance-nrv-vault-exploit-and-loss-of-funds-a-post-mortem-437a79ded743"},{"credibility":2,"name":"PeckShield Incident Root Cause Analysis (Medium)","type":"research","url":"https://peckshield.medium.com/eleven-finance-incident-root-cause-analysis-123b5675fa76"},{"credibility":2,"name":"Eleven.Finance Recovery Plan (Medium)","type":"official","url":"https://elevenfinance.medium.com/eleven-finance-recovery-plan-a3869f8242d0"},{"credibility":2,"name":"Eleven Finance — Plan for Return of Recovered Funds (Medium)","type":"official","url":"https://elevenfinance.medium.com/eleven-finance-a-plan-for-the-return-of-funds-recovered-from-the-nerve-vault-exploit-39a006af20d3"},{"credibility":2,"name":"CertiK Skynet — Eleven Finance","type":"research","url":"https://skynet.certik.com/projects/elevenfinance"},{"credibility":1,"name":"Eleven Finance ELE Token on BscScan","type":"on_chain","url":"https://bscscan.com/token/0xacd7b3d9c10e97d0efa418903c0c7669e702e4c0"},{"credibility":2,"name":"CoinMarketCap — Eleven Finance (ELE)","type":"other","url":"https://coinmarketcap.com/currencies/eleven-finance/"},{"credibility":3,"name":"Scam Detector — eleven.finance Review","type":"community_report","url":"https://www.scam-detector.com/validator/eleven-finance-review/"},{"credibility":2,"name":"Eleven Finance — Nerve Vaults Exploit Community Update (Medium)","type":"official","url":"https://elevenfinance.medium.com/eleven-finance-nerve-vaults-exploit-an-important-community-update-92e508a88d52"}],"summary":"Eleven Finance is a yield optimizer and leveraged yield farming protocol deployed on Binance Smart Chain (BSC) and Polygon. On June 22, 2021, attackers exploited a critical smart contract vulnerability in the protocol's Nerve-partnership vaults, draining approximately $4.5–4.8 million. The team published a recovery plan, repaid an initial 25% tranche from personal debt, and later announced full principal recovery; however, the ELE token has since lost over 99% of its value from its all-time high, and the protocol appears largely inactive.","timeline":[{"date":"2021-04-01","event":"Eleven Finance publishes April 2021 update detailing vault ecosystem on BSC and Polygon, introducing the ELE token and Bigfoot leveraged yield farming platform.","source":""},{"date":"2021-06-22","event":"Attacker exploits the emergencyBurn() vulnerability in six Nerve-partnership vaults on BSC. Approximately $4.5–4.8 million is drained via flash loan attack. Attacker bridges proceeds to Ethereum via the Nerve bridge.","source":""},{"date":"2021-06-24","event":"Eleven Finance publishes post-mortem acknowledging developer oversight as root cause. Confirms NRV vaults represented 4% of total TVL and that remaining vaults continued operating. Bigfoot/BigFoot platform taken offline temporarily.","source":""},{"date":"2021-06-25","event":"A self-described whitehat hacker returns 849.2 BNB (~$252,000) to the Eleven Finance deployer address.","source":""},{"date":"2021-07-01","event":"Eleven Finance publishes full Recovery Plan. Phase 1 distributes 25% of losses (~$1.2M) to affected users. Team announces personal debt assumption and 11RV token structure for Phase 2 compensation.","source":""},{"date":"2021-07-19","event":"CertiK delivers audit of Eleven Finance lending bank contracts. Exploited vault contracts were not in audit scope.","source":""},{"date":"2021-10-04","event":"Eleven Finance announces full recovery of exploited funds. Phase 2 distribution planned to bring users near 100% compensation in BUSD.","source":""},{"date":"2022-01-01","event":"Team reports full compensation repayment to affected Nerve Vault exploit users, approximately 3 months ahead of initial estimate.","source":""}]},"v":1}