Verify a decision

{"actor":"system:backfill","investigation_id":"b8814fbf-589f-4f7f-a118-9a6aaf9a8b00","kind":"publish","page_slug":"kipseli","published_at":"2026-05-29T02:53:09.353Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Kipseli","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.kipseli.capital/","type":"other","url":""},{"credibility":3,"name":"https://www.kipseli.capital/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://rocketreach.co/christos-liatas-email_253384356","type":"other","url":""},{"credibility":3,"name":"https://www.linkedin.com/in/christosliatas/","type":"other","url":""},{"credibility":3,"name":"https://www.linkedin.com/company/kipselicapital","type":"other","url":""},{"credibility":3,"name":"https://vn.linkedin.com/in/tung-nguyen-673a9a1b6","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.livebitcoinnews.com/april-2026-crypto-hacks-hit-620m-as-bridge-failures-and-admin-exploits-dominate-attacks/","type":"other","url":""},{"credibility":3,"name":"https://x.com/ProMint_X/status/2049794641537671581","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://0x.org/post/propamm-shenanigans","type":"other","url":""},{"credibility":3,"name":"https://docs.kipseli.capital/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.kipseli.capital/","type":"other","url":""},{"credibility":3,"name":"https://0x.org/post/propamm-shenanigans","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://x.com/ProMint_X/status/2049794641537671581","type":"other","url":""},{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""},{"credibility":3,"name":"https://t.me/s/investigations","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.kipseli.capital/","type":"other","url":""}]}],"sources_used":[],"summary":"Kipseli (also styled Kipseli Capital) is a proprietary trading firm and on-chain market-maker founded in early 2018, operating the Kipseli PropAMM on Base Mainnet. The protocol was listed among exploited platforms during the April 2026 wave of DeFi attacks, and the broader PropAMM category to which it belongs was the subject of a March 2026 empirical report by 0x documenting systematic quote-spoofing behavior that caused measurable trader harm. ZachXBT has flagged the entity. No public smart-contract audit or post-incident disclosure has been identified as of May 2026.","timeline":[{"date":"2018-01-01","event":"Kipseli Capital core team begins on-chain market-making operations on Ethereum Mainnet, self-described as early pioneers of the discipline.","source":""},{"date":"2026-03-20","event":"0x publishes 'PropAMM Shenanigans,' empirically documenting systematic quote-spoofing and repricing behaviors by PropAMM operators on Base Mainnet — the same architecture class as Kipseli PropAMM.","source":""},{"date":"2026-04-01","event":"April 2026 wave of DeFi exploits begins with the $285M Drift Protocol breach, initiating the worst month for DeFi security since February 2025.","source":""},{"date":"2026-04-01","event":"Kipseli listed among protocols exploited during the April 2026 DeFi attack wave alongside Giddy, with attackers described as targeting smaller platforms. Specific amount and exploit vector unconfirmed.","source":""},{"date":"2026-05-28","event":"AVOID.NET investigation opened based on ZachXBT flag and protocol logic incident designation. No public post-mortem or official incident disclosure from Kipseli identified as of this date.","source":""}]},"v":1}