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Themis Protocol

avoid.net/themis-protocol→32/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·4yjzmp…UvV4

Summary

Themis Protocol is a DeFi lending and borrowing platform deployed on Arbitrum that allows users to collateralize Uniswap v3 LP positions and Balancer LP tokens to borrow stablecoins and blue-chip assets. On June 27, 2023, approximately eleven days after its beta launch, the protocol suffered a flash loan oracle manipulation exploit resulting in approximately $370,000 in losses. The attacker laundered the stolen funds via Tornado Cash, the protocol was suspended indefinitely, and TVL effectively dropped to near zero following the incident.

Connected Entities

1 entities
Protocols
⌂Themis Protocol
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    Timeline(7 events)

    November 2021

    Themis Protocol announces $2 million seed round with backers including DAO Maker, NFX, LD Capital, and Ghaf Capital.

    28 March 2022

    A High Risk vulnerability in the Uniswap v3 LP pricing formula is filed in Themis Protocol's public GitHub repository, noting that use of spot price (slot0) rather than TWAP makes LP token collateral exploitable via price manipulation.

    16 June 2023

    Themis Protocol launches in beta on Arbitrum One. TVL grows to approximately $1 million within days.

    27 June 2023

    Themis Protocol is exploited via a flash loan oracle manipulation attack on Arbitrum One. Approximately $370,000 is stolen by manipulating the Balancer LP token price oracle. Attacker address: 0xdb73eb484e7dea3785520d750eabef50a9b9ab33.

    27 June 2023

    Themis team suspends borrowing functions and announces an emergency investigation. Team states it is preparing a compensation plan and pursuing fund recovery from the attacker.

    28 June 2023

    Attacker cross-chains stolen funds via Stargate Finance and begins laundering approximately 191 ETH through Tornado Cash.

    28 June 2023

    Multiple security firms including Neptune Mutual and SolidityScan publish post-mortem analyses of the Themis Protocol exploit.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain8 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 8 of 11 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:40 AM

    last updated: 8/30/2026, 5:14:10 AM

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