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Elephant Money

avoid.net/elephant-money→10/100·82% 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·LpXV3Y…Emgn

Summary

Elephant Money is a Binance Smart Chain DeFi protocol offering the ELEPHANT reward token and TRUNK stablecoin that suffered a $22.2 million flash loan price-manipulation exploit in April 2022, with stolen funds laundered through Tornado Cash. Independent analysts have additionally alleged that the protocol's yield mechanics constitute a structurally unsustainable Ponzi scheme dependent on continuous new capital inflows.

Connected Entities

6 entities · 3 linked investigations
Wallets
◇547Jj6…8PCW◇Elephant Money Stable (Wormhole) (TRUNK)◇4kAyG7…mPay
Organizations
□Elephant Money
Tokens
♦Elephant Money Stable (Wormhole)
Protocols
⌂Raydium AMM Authority
Relationships
  • Elephant Money Stable (Wormhole) (TRUNK)→associated with→Elephant Money(80%)
  • 4kAyG7ERDRzF5b5YUk5xzm3FcCmRe24QXB5e71wGmPay→controls→Elephant Money Stable (Wormhole)(90%)
  • 547Jj6unoHrA8r8KZxK8n4pEu1iDzwmYETJUmrKP8PCW→controls→Elephant Money Stable (Wormhole)(90%)
  • Raydium AMM Authority→associated with→Elephant Money Stable (Wormhole)(60%)
  • + 3 more
Also appears in
ACT·28Dash·39JELLY·5

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about Elephant Money?

Timeline(9 events)

26 March 2021

CertiK audit completed; protocol receives 30/100 security score with 8 findings, all left unresolved

May 2021

Elephant Money launches on Binance Smart Chain with ELEPHANT token and TRUNK stablecoin

29 March 2022

Founder 'Bankteller' conducts public AMA, describes protocol as valued at $3.5 billion and claims no other developers on team

12 April 2022

Flash loan price manipulation exploit drains $11.2–$22.2 million from protocol reserves; attacker address funded via Tornado Cash; ELEPHANT token drops 76–88%

13 April 2022

Stolen funds bridged to Ethereum and laundered through Tornado Cash; approximately 3,472 ETH ($10M) moved off-chain

18 April 2022

De.fi publishes full analysis placing total losses at $22.2 million including 30.4 trillion ELEPHANT tokens not disclosed in official post-mortem

April 2022

HackLaddy publishes analysis alleging Ponzi structure, calling 205% APY unsustainable and dependent on new investor capital

26 December 2023

HackLaddy publishes follow-up analysis after Elephant Money revamp, maintaining allegations of structurally unsustainable yield and Ponzi mechanics

19 May 2026

ELEPHANT token trades near $0.000000074 with ~$20M market cap; TRUNK remains significantly depegged; redemptions available only via managed queue

Provenance & Audit Trail
Anchored on SolanaVerify on-chain5 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 5 of 12 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:50 AM

last updated: 8/30/2026, 5:14:13 AM

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