Leaderboard
101All-time rank
MF
Meerkat Finance
Mar 4, 2021
$31.0M
Lost
$31.0M
Recovered
$0
Net loss
$31.0M
Unrecovered0% recovered
Meerkat Finance was drained one day after launch on March 4, 2021 when vaults containing $31M were compromised. The attacker exploited permissionless proxy initialization to gain admin control and drain funds, with the team later launching a 95%+ refund program.
- Target
- DeFi
- Classification
- Rugpull
- Technique
- Admin Drain
- Attribution
- Unknown
- Chains
BSC
Event timeline
- Mar 4, 2021Exploit executed — $31.0M drained via admin drain
- Attributed to Unknown
- Recovery status Unrecovered 0%