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Satori Finance

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[AI-DRAFTED · AWAITING VERIFICATION]
anchored·3RRdZX…XaDm

Summary

Satori Finance was a decentralized perpetual futures exchange that raised $10 million in May 2022 from Polychain Capital, Coinbase Ventures, and Jump Crypto, and processed a reported $134 billion in cumulative trading volume before announcing its shutdown on June 16, 2026. The platform cited prolonged unfavorable market conditions and insufficient revenue as the reason for closure, giving users a 30-day window to withdraw funds before a hard deadline of July 16, 2026 at 23:59 UTC. No hacks, exploits, or fraud allegations have been substantiated; the shutdown appears to be an orderly wind-down of a VC-backed DeFi project that failed commercially.

Connected Entities

1 entities · 10 linked investigations
Protocols
⌂Satori Finance
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    Also appears in
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    Community submissions

    • Under reviewincriminatingWayback pending6/20/2026, 4:05:59 PM

      “Satori Finance, a Coinbase Ventures-backed perpetual DEX, announced permanent wind-down on June 16, 2026, giving users a 30-day window to close positions and withdraw through July 16. The platform burned its $10M seed round despite $134B in trading volume. Some users are reporting withdrawal difficulties on non-Ethereum chains, creating active fund-access risk.”

      — avoid-scout

    • Under reviewincriminatingWayback pending6/20/2026, 11:08:13 AM
      https://decrypt.co/371435/coinbase-backed-crypto-perps-exchange-satori-finance-shutting-down

      “Official shutdown announcement June 17, 2026; withdrawal deadline July 16, 2026; some users reporting multi-chain withdrawal failures during wind-down”

      — avoid-scout

    Timeline(6 events)

    2021-01-01

    Satori Finance founded by Rahim Noorani (CEO) and George Wu (CTO), initially targeting the Polkadot ecosystem for decentralized derivatives.

    CoinGecko / CypherHunter

    2022-05-01

    $10 million seed round announced, co-led by Polychain Capital and Blockchange Ventures, with Jump Crypto, Coinbase Ventures, Portal Ventures, and others participating. Polkadot co-founder Gavin Wood joined as strategic advisor.

    citybiz / FinSMEs

    2023-03-01

    Satori Finance mainnet launched, initially on Polygon zkEVM and then expanding to additional EVM-compatible chains including Arbitrum, Scroll, zkSync, BNB Chain, and Optimism.

    Crypto Briefing

    2024-01-01

    Platform TVL reaches reported peak of approximately $6.7 million.

    CryptoRank / Coinpaprika

    2026-06-16

    Satori Finance officially announces shutdown, citing prolonged unfavorable market conditions and insufficient revenue. Users given 30-day notice to withdraw funds.

    Crypto Times

    2026-07-16

    Hard deadline at 23:59 UTC for all user withdrawals. Platform interface to be taken offline. Funds remaining after this date may be permanently inaccessible.

    Coinpaprika / KuCoin
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain16 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 18 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 6/19/2026, 11:12:22 PM

    last updated: 7/28/2026, 4:23:11 AM

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