Verify a decision

{"actor":"system:backfill","investigation_id":"ce0a5e58-dca1-47ab-9b09-2d0cbb2c93bf","kind":"publish","page_slug":"minterest","published_at":"2026-05-28T03:44:02.180Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Minterest","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/following-a-6-5m-raise-defi-lending-platform-minterest-builds-value-capturing-protocol-to-make-defi-fairer-301377964.html","type":"other","url":""},{"credibility":3,"name":"https://www.crowdfundinsider.com/2021/11/182633-minterest-a-defi-lending-protocol-to-launch-on-moonbeam-an-ethereum-compatible-smart-contract-parachain-on-polkadot/","type":"other","url":""},{"credibility":3,"name":"https://www.bitcoinisle.com/2021/11/01/interview-with-josh-rogers-ceo-of-minterest-building-defi-lending-platform/","type":"other","url":""},{"credibility":3,"name":"https://companiesbio.com/CIK-0001873302-company-minterest-labs-ou-info.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/following-a-6-5m-raise-defi-lending-platform-minterest-builds-value-capturing-protocol-to-make-defi-fairer-301377964.html","type":"other","url":""},{"credibility":3,"name":"https://www.formds.com/issuers/minterest-labs-ou","type":"other","url":""},{"credibility":3,"name":"https://www.streetinsider.com/SEC+Filings/Form++DA++++++++Minterest+Labs+OU/18989013.html","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/ico/minterest","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://hacken.io/audits/minterest/","type":"other","url":""},{"credibility":3,"name":"https://minterest.com/blog/minterest-completes-comprehensive-security-audit-with-peckshield/","type":"other","url":""},{"credibility":3,"name":"https://blog.cube3.ai/2023/09/14/minterest-protects-decentralized-lending-with-cube3-ai/","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-minterest-hack-july-2024","type":"other","url":""},{"credibility":3,"name":"https://quadrigainitiative.com/casestudy/minterestflashloanreentrancyexploit.php","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://minterest.com/blog/minterest-security-incident-post-mortem-report/","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-minterest-hack-july-2024","type":"other","url":""},{"credibility":3,"name":"https://www.web3isgoinggreat.com/?id=minterest-hack","type":"other","url":""},{"credibility":3,"name":"https://quadrigainitiative.com/casestudy/minterestflashloanreentrancyexploit.php","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@gokun4621/hack-analysis-minterest-0913228a3f6c","type":"other","url":""},{"credibility":3,"name":"https://coinpedia.org/news/crypto-hack-weekly-report-years-second-largest-hack-shakes-the-blockchain-world/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://minterest.com/blog/minterest-security-incident-post-mortem-report/","type":"other","url":""},{"credibility":3,"name":"https://docs.minterest.com/minterest-faq/security-audits/minterest-security-incident-documentation","type":"other","url":""},{"credibility":3,"name":"https://quadrigainitiative.com/casestudy/minterestflashloanreentrancyexploit.php","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://minterest.com/blog/minterest-roadmap-2023-the-current-state/","type":"other","url":""},{"credibility":3,"name":"https://docs.minterest.com/minterest-faq/updated-tokenomics-april-2024/cae-stack-or-skip-campaign-faq","type":"other","url":""},{"credibility":3,"name":"https://minterest.com/blog/tokenomics-update-january-2023/","type":"other","url":""},{"credibility":3,"name":"https://minterest.com/blog/community-allocation-event-announcement/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://minterest.com/blog/minterest-is-sunsetting-operations/","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/minterest","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://quadrigainitiative.com/casestudy/minterestflashloanreentrancyexploit.php","type":"other","url":""},{"credibility":3,"name":"https://bscscan.com/token/0x4d6711FbCf8a6455D916c13EA09a31C9f026F546","type":"other","url":""},{"credibility":3,"name":"https://www.formds.com/issuers/minterest-labs-ou","type":"other","url":""}]}],"sources_used":[],"summary":"Minterest (formerly using the MNT token, later rebranded to MINTY) was a cross-chain DeFi lending and borrowing protocol founded by Josh Rogers and incorporated as Minterest Labs OÜ in Estonia. The protocol suffered a $1.4 million reentrancy exploit on July 14, 2024 — in a market that went live without a completed security audit — and subsequently announced the sunsetting of all operations in November 2025, explicitly stating that hack victims would receive no refund or token compensation as part of the wind-down.","timeline":[{"date":"2021-09-16","event":"Minterest announces $6.5 million private fundraising round with investors including KR1, DFG, CMS, DigiStrats, FOMOcraft, Bitscale Capital, PNYX Ventures, CMT Digital, and Faculty Capital.","source":""},{"date":"2021-11-01","event":"Minterest announces planned deployment on Moonbeam, an Ethereum-compatible parachain on Polkadot.","source":""},{"date":"2021-12-10","event":"Minterest refunds all Community Allocation Event (CAE) participants, including gas fees, following a rescheduling of the event.","source":""},{"date":"2022-02-01","event":"Minterest completes comprehensive security audit with PeckShield. No critical or high-severity vulnerabilities found.","source":""},{"date":"2023-01-01","event":"Minterest updates tokenomics, giving long-term holders a 50% uplift in MINTY token proportion.","source":""},{"date":"2023-09-14","event":"Minterest announces partnership with CUBE3.AI for real-time on-chain threat monitoring and transaction blocking.","source":""},{"date":"2024-04-01","event":"Minterest updates tokenomics again and launches 'Stack or Skip' campaign for CAE participants, offering either a 20% MINTY bonus with new vesting or full refund of initial contribution.","source":""},{"date":"2024-06-24","event":"Minterest IDO concludes on EnjinStarter at a price of $2.25 per MINTY token.","source":""},{"date":"2024-07-14","event":"Attacker executes flash loan reentrancy exploit against unaudited mUSDY market on Mantle Network between 16:24-16:28 UTC+3. Approximately $1.4 million in WETH and mETH drained. Attacker wallet (0x618F768aF6291705Eb13E0B2E96600b3851911D1) was pre-funded via Tornado Cash.","source":""},{"date":"2024-07-14","event":"Minterest confirms security breach at 17:22 UTC+3, suspends supply/borrow operations at 17:27 UTC+3, and fully pauses all operations at 22:32 UTC+3.","source":""},{"date":"2024-07-18","event":"Minterest patches the reentrancy vulnerability and corrects the mUSDY exchange rate manipulation.","source":""},{"date":"2024-07-24","event":"Minterest completes return of liquidation fees to impacted users. Protocol applies 15% haircut to WETH and mETH suppliers.","source":""},{"date":"2024-08-01","event":"Minterest protocol partially reopens following patching. Offers MINTY token compensation at 25% discount to hack-affected suppliers.","source":""},{"date":"2025-11-19","event":"Minterest announces sunsetting of all operations, citing market and operational constraints. Explicitly states no refund or token compensation will be issued to hack victims, private investors, or CAE/LBP participants.","source":""},{"date":"2025-12-19","event":"Minterest UI front end for Ethereum and Mantle deployments goes offline at 23:59 UTC.","source":""},{"date":"2025-12-31","event":"Official support ends. Core infrastructure and solvency engines go offline. Smart contracts remain accessible for direct user interaction.","source":""}]},"v":1}