Arbix Finance (ARBX)
A BNB Chain yield-farming project that rug-pulled about $10M in January 2022. The team minted millions of ARBX via an owner-only mint() function, dumped them, routed user deposits to unverified pools, and deleted its site and socials — months after a CertiK audit.
Also known as: Arbix Finance, ARBX
Summary
Arbix Finance was a Binance Smart Chain yield-farming protocol marketed as low-risk arbitrage. In early January 2022, blockchain-security firms CertiK and PeckShield identified it as a rug pull: the ARBX contract contained owner-only mint() functions used to mint about 10 million ARBX to eight addresses, ~4.5 million of which were dumped, while roughly $10 million of user deposits were routed to unverified pools and then drained and bridged to Ethereum. [1][2]
Note on audit
The project's website and Twitter were deleted after the incident. Arbix had been audited by CertiK in November 2021; CertiK said the exploited contracts "were not in the audit scope," a point cited in later debates over the value of DeFi audits. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
