Compounder Finance (CP3R)
An Ethereum yield aggregator (a Harvest/Yearn clone) that rug-pulled ~$10.8M (some estimates ~$12.5M) in Dec 2020 by swapping audited 'Strategy' contracts for malicious ones via an unmonitored timelock. CP3R fell ~99% and the team vanished.
Also known as: Compounder Finance, CP3R, C3PR
Summary
Compounder Finance (CP3R) was an Ethereum yield aggregator that described itself as a clone of Harvest and Yearn Finance. On December 1, 2020, it rug-pulled about $10.8 million (some estimates put losses near $12.5 million). [1][2]
How it happened
The anonymous developers swapped the audited "Strategy" contracts for malicious "Evil Strategy" contracts via a public but unmonitored 24-hour timelock, then drained user funds (DAI, ETH, WBTC, and others). The project had been audited by Solidity Finance, which said it had flagged the time-locked, centralized control beforehand. CP3R fell about 99% and the website and social accounts were deleted. [1][2][3]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (3)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.