Hack history / 2020 / Hack or exploit
Compounder Finance
Hack or exploit on Dec 2, 2020 · Admin Drain
IN REVIEWSOURCES DISAGREE ON DATE OR LOSS · 3 SOURCES
Lost
$12.5M
sources: $12.5M to $80M
Returned
none listed
as the sources state it
Rank
#259
among thefts by dollars lost
What happened
Twenty-two days after launch, Compounder Finance's development team replaced audited strategy pools with malicious 'Evil Strategy' contracts, removing restrictions on the withdraw function and draining every asset pool. Despite advertising 24-hour timelocks, the team retained ability to swap strategy contracts as a premeditated exit.
In review: sources disagree on the loss.
Details
- Date
- Dec 2, 2020
- Kind
- Hack or exploit
- Method
- Admin Drain
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- DeFi protocol
- Chains
- Ethereum
- Audit (rekt.news)
- out of scope
Reported by
Cite this page
SwanBluechip, "Compounder Finance hack, Dec 2, 2020: $12.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht4f0e6d3eec/ (data as of 2026-11-01).