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anchored·3z5atc…P1PBSummary
Minterest (formerly using the MNT token, later rebranded to MINTY) was a cross-chain DeFi lending and borrowing protocol founded by Josh Rogers and incorporated as Minterest Labs OÜ in Estonia. The protocol suffered a $1.4 million reentrancy exploit on July 14, 2024 — in a market that went live without a completed security audit — and subsequently announced the sunsetting of all operations in November 2025, explicitly stating that hack victims would receive no refund or token compensation as part of the wind-down.
Connected Entities
1 entities- + 6 more
Timeline(16 events)
16 September 2021
Minterest announces $6.5 million private fundraising round with investors including KR1, DFG, CMS, DigiStrats, FOMOcraft, Bitscale Capital, PNYX Ventures, CMT Digital, and Faculty Capital.
November 2021
Minterest announces planned deployment on Moonbeam, an Ethereum-compatible parachain on Polkadot.
10 December 2021
Minterest refunds all Community Allocation Event (CAE) participants, including gas fees, following a rescheduling of the event.
February 2022
Minterest completes comprehensive security audit with PeckShield. No critical or high-severity vulnerabilities found.
2023
Minterest updates tokenomics, giving long-term holders a 50% uplift in MINTY token proportion.
14 September 2023
Minterest announces partnership with CUBE3.AI for real-time on-chain threat monitoring and transaction blocking.
April 2024
Minterest updates tokenomics again and launches 'Stack or Skip' campaign for CAE participants, offering either a 20% MINTY bonus with new vesting or full refund of initial contribution.
24 June 2024
Minterest IDO concludes on EnjinStarter at a price of $2.25 per MINTY token.
14 July 2024
Attacker executes flash loan reentrancy exploit against unaudited mUSDY market on Mantle Network between 16:24-16:28 UTC+3. Approximately $1.4 million in WETH and mETH drained. Attacker wallet (0x618F768aF6291705Eb13E0B2E96600b3851911D1) was pre-funded via Tornado Cash.
14 July 2024
Minterest confirms security breach at 17:22 UTC+3, suspends supply/borrow operations at 17:27 UTC+3, and fully pauses all operations at 22:32 UTC+3.
18 July 2024
Minterest patches the reentrancy vulnerability and corrects the mUSDY exchange rate manipulation.
24 July 2024
Minterest completes return of liquidation fees to impacted users. Protocol applies 15% haircut to WETH and mETH suppliers.
August 2024
Minterest protocol partially reopens following patching. Offers MINTY token compensation at 25% discount to hack-affected suppliers.
19 November 2025
Minterest announces sunsetting of all operations, citing market and operational constraints. Explicitly states no refund or token compensation will be issued to hack victims, private investors, or CAE/LBP participants.
19 December 2025
Minterest UI front end for Ethereum and Mantle deployments goes offline at 23:59 UTC.
31 December 2025
Official support ends. Core infrastructure and solvency engines go offline. Smart contracts remain accessible for direct user interaction.
Decision Log
- hash: 6k4NovMtzsmRjqz9FbChy4XNkBHcpH353maPWDTQ3CiG
This investigation is cryptographically anchored to the Solana blockchain (1 event). 15 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:31 AM
last updated: 8/30/2026, 5:14:07 AM
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