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ZRX (0x Protocol)

avoid.net/zrx-0x-protocol50/100·75% conf.
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Summary

0x Protocol (ticker: ZRX) is a decentralized exchange infrastructure protocol founded in 2016 by Will Warren and Amir Bandeali, enabling peer-to-peer token trading on Ethereum and multiple other chains. The project conducted a $24 million ICO in August 2017, has processed over $200 billion in cumulative trading volume, and operates the Matcha DEX aggregator. In September 2023, the U.S. CFTC settled charges against ZeroEx, Inc.—the corporate entity behind 0x—for $200,000 related to the unlicensed offering of leveraged token trading; and in January 2026 a third-party integration (SwapNet) used in Matcha Meta suffered a $13.4 million exploit, though 0x's core protocol contracts were not compromised.

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ZRX (0x Protocol)
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Timeline(11 events)

2016

Will Warren and Amir Bandeali begin developing 0x Protocol concept.

OKX Learn

August 2017

ZeroEx, Inc. conducts a public ICO raising approximately $24 million in ETH, selling 50% of total ZRX supply. Investors include Polychain Capital, Pantera Capital, and Blockchain Capital.

ICO Drops: 0x Token Sale

2018

ZRX reaches an all-time high of approximately $2.50, ranking among the top 30 cryptocurrencies by market capitalization.

Gate Wiki: 0x Protocol (ZRX) Overview

12 July 2019

Security researcher samczsun discloses a critical signature-verification vulnerability in the 0x v2.0 Exchange contract. The 0x team triggers an emergency shutdown; no funds are lost. A patched v2.1 contract is deployed.

0x Core Team Medium Post-mortem

2019

0x introduces ZRX staking, allowing market makers to earn token rewards for providing liquidity.

Gate Wiki: 0x Protocol (ZRX) Overview

June 2020

0x launches Matcha, a DEX aggregator front-end powered by the 0x Swap API.

Matcha: About Matcha DEX aggregator

20 April 2020

Official 0x team issues a public scam alert warning of a fake ZRX ICO impersonation campaign.

0x Official Twitter

April 2021

ZRX reaches approximately $2.40 during the 2021 bull market, approaching its 2018 all-time high.

Gate Wiki: 0x Protocol (ZRX) Overview

2023

0x Protocol v4 is approved via community governance vote by over 2,300 ZRX holders.

Gate Wiki: 0x Protocol (ZRX) Overview

7 September 2023

U.S. CFTC issues a settlement order against ZeroEx, Inc., charging the company with unlawfully offering leveraged retail commodity transactions. ZeroEx pays a $200,000 civil monetary penalty and agrees to cease and desist.

CFTC Press Release 8774-23

25 January 2026

A $13.4 million exploit drains funds from 20 Matcha Meta users via a vulnerability in a third-party SwapNet integration. 0x's core protocol contracts are not affected. The impacted contract is disabled within hours.

The Block: Matcha Meta SwapNet Incident
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 20 of 21 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 7/27/2026, 12:13:55 PM

last updated: 8/26/2026, 11:58:05 AM

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