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anchored·2ngrSR…naZDSummary
MonoSwap is a decentralized exchange (DEX) and launchpad built on the Blast L2 network that launched in late February 2024. On July 24, 2024, the protocol was compromised via a social engineering attack in which a developer was tricked into installing infostealer malware disguised as a video conferencing app, allowing attackers to drain approximately $1.3 million in staked liquidity. The stolen funds were subsequently laundered through Tornado Cash, and the protocol has remained largely inactive with negligible TVL since the incident.
Connected Entities
2 entitiesTimeline(8 events)
February 2024
MonoSwap launches on Blast L2 mainnet coinciding with Blast's mainnet launch
April 2024
MonoSwap TVL peaks at approximately $2.8 million
23 July 2024
MonoSwap developer installs counterfeit Kakao video conferencing application (kakaocall[.]kr) during a call with individuals posing as venture capitalists; infostealer malware extracts private keys
24 July 2024
MonoSwap publicly discloses the hack via X (Twitter), advising users not to deposit funds or stake and to withdraw immediately; attackers drain most staked liquidity positions
25 July 2024
SlowMist publishes analysis of kakaocall[.]kr phishing infrastructure; links it to broader coordinated social engineering campaign; same phishing domain found in compromised @OurTinTinLand tweet
25 July 2024
Multiple security outlets confirm approximately $1.3 million in losses laundered through Tornado Cash
25 July 2024
MonoSwap states it is investigating and 'planning refund options'
May 2026
MonoSwap V3 TVL remains at approximately $95,000; no evidence of refund program or recovery; protocol effectively dormant
Decision Log
- hash: Ei98RMyTWmdVpJZ5nkyTT2ZK3o2jQa2Mm6DxovHoagW9
This investigation is cryptographically anchored to the Solana blockchain (1 event). 13 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:30 AM
last updated: 8/30/2026, 5:14:07 AM
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