Verify a decision

{"actor":"system:backfill","investigation_id":"652caba3-c5e6-4c5c-adf2-31e2693beb1f","kind":"publish","page_slug":"superrare","published_at":"2026-05-29T17:31:43.134Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"SuperRare","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://news.artnet.com/market/superrare-founders-2086177","type":"other","url":""},{"credibility":3,"name":"https://www.gemini.com/cryptopedia/superrare-nft-marketplace-superrare-crypto-art-market","type":"other","url":""},{"credibility":3,"name":"https://www.samsungnext.com/blog/why-we-invested-in-superrare-a-digital-art-marketplace","type":"other","url":""},{"credibility":3,"name":"https://medium.com/superrare/announcing-the-rare-curation-token-and-the-superrare-network-390ff60b50a","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.solidityscan.com/superrare-hack-analysis-488d544d89e0/","type":"other","url":""},{"credibility":3,"name":"https://www.cryptopolitan.com/superrare-nft-exploited-rare-tokens/","type":"other","url":""},{"credibility":3,"name":"https://www.web3isgoinggreat.com/single/superrare-hack","type":"other","url":""},{"credibility":3,"name":"https://www.resonance.security/blog-posts/superrare-gets-rekt-how-a-730k-staking-exploit-became-the-nft-worlds-latest-wake-up-call","type":"other","url":""},{"credibility":3,"name":"https://invezz.com/news/2025/07/28/superrare-nft-art-platform-hacked-730k-rare-tokens-stolen/","type":"other","url":""},{"credibility":3,"name":"https://crypto.news/superrare-nft-platform-loses-730k-in-rare-token-exploit/","type":"other","url":""},{"credibility":3,"name":"https://www.thecoinrepublic.com/2025/07/28/superrare-hack-730k-stolen-in-staking-exploit-with-frontrun-twist/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://99bitcoins.com/news/altcoins/rare-crypto-leads-gains-as-nft-marketplace-superrare-bounces-strongly-after-hack/","type":"other","url":""},{"credibility":3,"name":"https://www.ainvest.com/news/superrare-nft-platform-loses-730k-smart-contract-hack-rare-token-dips-12-2507/","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/superrare/latest-updates/","type":"other","url":""},{"credibility":3,"name":"https://www.resonance.security/blog-posts/superrare-gets-rekt-how-a-730k-staking-exploit-became-the-nft-worlds-latest-wake-up-call","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.superrare.com/whitepapers/master/the-rare-token","type":"other","url":""},{"credibility":3,"name":"https://docs.superrare.com/whitepapers/master/the-rare-token/token-distribution","type":"other","url":""},{"credibility":3,"name":"https://medium.com/superrare/announcing-the-rare-curation-token-and-the-superrare-network-390ff60b50a","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/superrare/","type":"other","url":""},{"credibility":3,"name":"https://research.binance.com/en/projects/superrare","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.solidityscan.com/superrare-hack-analysis-488d544d89e0/","type":"other","url":""},{"credibility":3,"name":"https://www.resonance.security/blog-posts/superrare-gets-rekt-how-a-730k-staking-exploit-became-the-nft-worlds-latest-wake-up-call","type":"other","url":""},{"credibility":3,"name":"https://www.ainvest.com/news/superrare-staking-contract-exploited-due-permission-checking-flaw-731k-stolen-rare-tokens-2507/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/1fc06-superrare-nft-exploited-rare-tokens","type":"other","url":""},{"credibility":3,"name":"https://newsletter.blockthreat.io/p/blockthreat-week-31-2025","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.cryptoslam.io/superrare/sales/summary","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/superrare/historical-data/","type":"other","url":""},{"credibility":3,"name":"https://milkroad.com/reviews/superrare/","type":"other","url":""},{"credibility":3,"name":"https://messari.io/project/superrare/profile","type":"other","url":""},{"credibility":3,"name":"https://99bitcoins.com/news/altcoins/rare-crypto-leads-gains-as-nft-marketplace-superrare-bounces-strongly-after-hack/","type":"other","url":""}]}],"sources_used":[],"summary":"SuperRare is a curated Ethereum-based NFT art marketplace founded in 2018 by John Crain, Charles Crain, and Jonathan Perkins, operating as a high-end platform for 1-of-1 digital artworks with its own governance token RARE. On July 28, 2025, a critical access control vulnerability in the platform's RareStakingV1 staking contract was exploited, resulting in the theft of approximately 11.9 million RARE tokens worth roughly $731,000. SuperRare subsequently reimbursed the 61 affected wallets by August 5, 2025, and the RARE token recovered approximately 41% following the remediation announcement.","timeline":[{"date":"2017-01-01","event":"John Crain, Charles Crain, and Jonathan Perkins begin building SuperRare in Brooklyn, working initially without external investment.","source":""},{"date":"2018-01-01","event":"SuperRare officially launches as a curated Ethereum-based NFT art marketplace.","source":""},{"date":"2021-03-01","event":"SuperRare raises $9 million Series A led by Velvet Sea Ventures and 1confirmation, with participation from Mark Cuban, Chamath Palihapitiya, Ashton Kutcher, Marc Benioff, Samsung Next, and BlockTower Capital.","source":""},{"date":"2021-08-01","event":"SuperRare announces the RARE governance token and the SuperRare DAO, transitioning toward decentralized community governance of the platform.","source":""},{"date":"2021-10-11","event":"RARE token reaches its all-time high price of approximately $3.79 per token, coinciding with the peak of the broader NFT market.","source":""},{"date":"2022-05-12","event":"RARE token hits an all-time low of approximately $0.1365, reflecting the broader crypto and NFT market downturn.","source":""},{"date":"2023-01-01","event":"SuperRare launches the Rare Protocol, further decentralizing curatorial authority to RARE token holders through community-governed Spaces.","source":""},{"date":"2025-01-22","event":"The eventual exploit attacker funds their wallet via Tornado Cash approximately 186 days before the July 2025 attack, indicating premeditated planning.","source":""},{"date":"2025-07-28","event":"SuperRare's RareStakingV1 contract (0xfFB512B9176D527C5D32189c3e310Ed4aB2Bb9eC) is exploited via a broken access control vulnerability in the updateMerkleRoot() function. A frontrunner intercepts the exploit, stealing approximately 11.9 million RARE tokens (~$731,000). RARE token price drops approximately 12%. Security firms Cyvers Alerts, PeckShield, and Blockaid publicly flag the incident.","source":""},{"date":"2025-07-29","event":"SuperRare freezes affected accounts, engages cybersecurity firms and third-party auditors, and mandates re-audits for all post-audit code modifications.","source":""},{"date":"2025-08-05","event":"SuperRare announces full reimbursement of 61 affected wallets. RARE token surges approximately 41% on the news; derivatives trading volume doubles.","source":""}]},"v":1}