A Look Back…

Chinese Zodiac Character Migration

The Exploit (a lo-carb post-mortem)

— So what did happen?

Back to Reality

Other community members who noticed the exploit then immediately started using the broken contract as well. The scammer was privately encouraging others to raid us. For an instant, CZF was minting harder than the Biden Administration printing USD.
Everyone gave their tokens back to be burned… except the original exploiter. Our developer halted the migration contract and put a trace on any remaining CZF minted from that contract, but the damage was done. The exploiter sold a massive haul of the exploited CZF tokens…

Community Division

It took months to repair the damage done. By December of 2021, community members who had been holders during the time of the exploit were given a ‘Loss Compensation’ contract along with a myriad of opportunities for their investments to be made whole again. Some community members lost thousands but decided to believe and trust the process. This is the time that we stuck together and we needed each other to get out of it. The exploiter was gone with a large chunk of our money and there was nothing we could do except rebuild. We battled massive fud and an exodus during a bear market for the following months. Everyone was putting heart and soul into the new developments.


CZUSD was eventually brought back to peg by community effort. This effectively allowed CZodiac to change gears into producing yields on Ellipsis staking in their stablecoin swapping factory, currently found at CZUSD on Ellipsis.finance. In February, the vault backing the CZUSD stabletokens had only $10,000. It was held purely by community effort and was made possible with the rise in staking rewards. Over the coming months, this $10,000 was built up to the now $400,000+ in BUSD backing and over $100,000 in other assets acquired (such as BTC, ETH, BNB, etc…)

Lessons Learned

No matter how big the hurry, or how small the contract, always make time for the testing phase. We run the rigorous testing that is required to monitor all the outputs. We don’t let the hype of market sentiment cause us to skip any mandatory steps in protecting the vault. We have a number of precautions that are in place to defend our liquidity. New automation is always in development to take the place of any manual tasks.



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CZodiac DeFi Bank

CZodiac DeFi Bank


CZodiac uses POL game theory to develop novel Defi 2.0 technologies that protect farmers and stakers.