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Texture Finance

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anchored·5undru…gPMe

Summary

Texture Finance is a Solana-based decentralized lending protocol founded in 2021 and backed by $5 million in venture funding from P2P Capital, Sino Global Capital, Wintermute, and Jane Street Capital. In July 2025, a missing ownership check in its USDC vault smart contract allowed an attacker to steal approximately $2.2 million in user funds; the protocol negotiated a 10% greyhat bounty and recovered roughly $1.98 million. User withdrawals remained disabled following the exploit, and a formal repayment timeline had not been published as of mid-2025.

Connected Entities

2 entities
Organizations
□Texture
Protocols
⌂Texture Finance
Relationships
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    Timeline(6 events)

    2021

    Texture Finance founded by Oleg Ravnushkin and Igor Burlakov in Lisbon, Portugal as a Solana-based DeFi yield management protocol.

    2 November 2022

    Texture Finance announces completion of $5 million funding round co-led by P2P Capital and Sino Global Capital, with Wintermute, Semantic Ventures, and Jane Street Capital participating.

    September 2024

    Texture launches Texture 2.0, a modular lending protocol on Solana built on SuperLendy, allowing permissionless creation and management of lending pools and vaults.

    9 July 2025

    Texture Finance detects and discloses a critical exploit in its USDC vault smart contract. A missing ownership check in the rebalance function allows an attacker to drain approximately $2.2 million in USDC. The team activates safe mode, disables withdrawals, and sends an on-chain message offering a 10% bounty for return of the remaining 90% of stolen funds.

    10 July 2025

    The attacker returns approximately $1.98 million in USDC to Texture Finance's designated Solana address, retaining $220,000 as the agreed greyhat bounty. Texture states it will not pursue legal action.

    11 July 2025

    Texture Finance publishes follow-up update confirming fund recovery, noting that the patched contract is undergoing review with auditing partner Certora and that a post-mortem analysis is forthcoming. Withdrawals remain suspended pending redeployment.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain6 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 6 of 11 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:21 AM

    last updated: 8/30/2026, 3:54:59 AM

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