Skip to main content
Sign in

CheeseBank

avoid.net/cheesebank→18/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4FpCSm…ytFv

Summary

Cheese Bank was an Ethereum-based DeFi lending protocol that launched in September 2020 and suffered a $3.3 million exploit on November 6, 2020, caused by a flash loan attack combined with price oracle manipulation on Uniswap. The anonymous team claimed to have patched the vulnerability, but the protocol never recovered meaningful activity, the CHEESE token collapsed in value, and the project is widely considered abandoned. ZachXBT has flagged the entity as a high-risk project.

Connected Entities

1 entities
Organizations
□CheeseBank
Relationships
    Have evidence about CheeseBank?

    Timeline(9 events)

    27 September 2020

    CHEESE ERC-20 token contract (0xA04bDB1f11413a84D1F6C1d4d4FeD0208F2e68bF) verified and deployed on Ethereum mainnet.

    30 September 2020

    Cheese Bank yield farming officially launched.

    15 October 2020

    Cheese Bank Lending Protocol 2.0 officially launched.

    19 October 2020

    Cheese Bank announced the launch of a new UNI_V2-ETH-USDC liquidity pool.

    6 November 2020

    Flash loan oracle manipulation exploit executed at 19:22 UTC, draining approximately $3.3 million in USDC, USDT, and DAI from Cheese Bank lending pools. Attacker consolidated funds to 0x02b7165d0916e373f0235056a7e6fccdb82d2255.

    16 November 2020

    PeckShield published a root cause analysis of the Cheese Bank incident, identifying the AMM-based oracle pricing formula as the root vulnerability.

    17 November 2020

    Cheese Bank team published a statement on Medium acknowledging the incident and claiming the vulnerability had been patched. No compensation plan for affected users was announced.

    5 November 2022

    CHEESE token reached its recorded all-time high of $0.0001, indicating near-total value destruction since the 2020 exploit.

    May 2026

    Project documentation domain (docs.cheesebank.io) inaccessible; CHEESE token unlisted on major exchanges; protocol considered abandoned by market participants.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain12 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 12 of 15 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:55:00 AM

    last updated: 9/1/2026, 4:16:58 AM

    avoid.net — verified advice for a post-truth world