Verify a decision

{"actor":"system:backfill","investigation_id":"3a0e4459-de93-4c35-82ce-97efd5174d29","kind":"publish","page_slug":"ocelotdex","published_at":"2026-05-27T02:44:45.060Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"OcelotDex","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/ocelotdex","type":"other","url":""},{"credibility":3,"name":"https://dappradar.com/dapp/ocelotdex","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/chain/ZetaChain","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/ocelotdex","type":"other","url":""},{"credibility":3,"name":"https://pontem.network/posts/top-crypto-infinite-mint-hacks","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/explained/what-is-an-infinite-mint-attack-and-how-does-it-work","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""},{"credibility":3,"name":"https://zachxbt.live/","type":"other","url":""},{"credibility":3,"name":"https://iq.wiki/wiki/zachxbt","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/ocelotdex","type":"other","url":""},{"credibility":3,"name":"https://dappradar.com/narratives/defi/protocols/chain/zetachain","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.cryptotimes.io/2026/04/29/how-a-perfect-storm-of-3-bugs-led-to-zetachains-333k-gatewayevm-exploit/","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/399315/zetachain-post-mortem","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/399092/zetachain-attack-smart-contract","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/ocelotdex","type":"other","url":""},{"credibility":3,"name":"https://dappradar.com/dapp/ocelotdex","type":"other","url":""}]}],"sources_used":[],"summary":"OcelotDex is a decentralized exchange (DEX) operating as an automated market maker (AMM) on ZetaChain, a cross-chain interoperability blockchain. The protocol has an extremely low total value locked of approximately $4.57 as of mid-2026, indicating near-total user abandonment. A security incident reportedly resulting in approximately $4.9 million in losses via an infinite mint and dump vulnerability was attributed to the protocol in September 2024, though independent Tier 1 or Tier 2 confirmation of this specific event remains limited.","timeline":[{"date":"2024-01-01","event":"OcelotDex launches as an AMM DEX on ZetaChain mainnet (approximate; exact launch date not independently confirmed from available public sources).","source":""},{"date":"2024-02-01","event":"ZetaChain 1.0 goes live on mainnet, providing the foundational blockchain infrastructure on which OcelotDex operates.","source":""},{"date":"2024-09-20","event":"OcelotDex allegedly suffers an 'Infinite Mint and Dump' exploit resulting in approximately $4.9 million in losses, per DefiLlama protocol data. This claim is not independently confirmed by major crypto news outlets as of the date of this investigation.","source":""},{"date":"2025-02-01","event":"ZachXBT joins Paradigm as incident response advisor; ZachXBT flag on OcelotDex noted (specific date of flag not publicly documented).","source":""},{"date":"2026-04-26","event":"ZetaChain's GatewayEVM contract is exploited for approximately $333,868 in a separate incident unrelated to OcelotDex but reflecting continued cross-chain security risks on the host blockchain.","source":""},{"date":"2026-05-26","event":"OcelotDex TVL stands at approximately $4.57 on DefiLlama, indicating near-total liquidity abandonment.","source":""}]},"v":1}