Verify a decision

{"actor":"system:backfill","investigation_id":"b7d4a64c-c132-4bc2-8da9-d7264099737c","kind":"publish","page_slug":"rivus-dao","published_at":"2026-05-28T20:25:06.460Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Rivus DAO","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.rivusdao.xyz","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/rivus-dao","type":"other","url":""},{"credibility":3,"name":"https://etherscan.io/token/0x60e254e35dd712394b3aba7a1d19114732e143dd","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coinlive.com/en/news-flash/483785","type":"other","url":""},{"credibility":3,"name":"https://www.coincarp.com/currencies/rivusdao/project-info/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/price/rivusdao","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/rivus-dao","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/rivusdao","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://skynet.certik.com/projects/rivusdao","type":"other","url":""},{"credibility":3,"name":"https://newsletter.blockthreat.io/p/blockthreat-week-38-2024","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptorank.io/price/rivusdao","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/rivusdao","type":"other","url":""},{"credibility":3,"name":"https://etherscan.io/token/0x60e254e35dd712394b3aba7a1d19114732e143dd","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://skynet.certik.com/projects/rivusdao","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/rivus-dao","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://skynet.certik.com/projects/rivusdao","type":"other","url":""},{"credibility":3,"name":"https://docs.rivusdao.xyz","type":"other","url":""}]}],"sources_used":[],"summary":"Rivus DAO was a Bittensor-focused liquid staking protocol on Ethereum that raised approximately $4.23 million in an April 2024 IDO before suffering a rugpull classified by DefiLlama as a Third-party Dev Backdoor Exploit on September 16, 2024. The incident effectively drained protocol TVL from its operational peak to under $2,500, and the RIVUS governance token lost more than 99.8% of its all-time high value. On-chain investigator ZachXBT has flagged this entity; the project attempted a relaunch in October 2024 but is currently listed as inactive with no trading activity.","timeline":[{"date":"2024-04-02","event":"RIVUS token IDO begins on Fjord Foundry LBP, raising ~$4.23M at ~$0.0426/token.","source":""},{"date":"2024-04-09","event":"RIVUS token officially launches on-chain.","source":""},{"date":"2024-04-12","event":"RIVUS reaches all-time high of ~$0.1049–$0.1284, implying ~$57M FDV.","source":""},{"date":"2024-09-16","event":"DefiLlama records rugpull via Third-party Dev Backdoor Exploit. TVL collapses to ~$2,207.","source":""},{"date":"2024-09-24","event":"Official Rivus DAO X account announces V2 relaunch planned for October 1, 2024.","source":""},{"date":"2026-04-28","event":"RIVUS stops trading on all CoinGecko-listed exchanges. Website returns 404.","source":""}]},"v":1}