LIFEBOAT Mayday

DeFi distressed-asset disposal & extreme-risk rescue

When DeFi goes underwater, we go in.

We contain the damage while a crisis is live, then work out the bad assets it leaves behind.

Report an incident Read the case files

What we do

Rescue in the storm. Salvage after it.

During the incident

Extreme-risk rescue

We act on-chain while the window is still open.

  • R1Whitehat fund rescue
  • R2Emergency liquidations
  • R3Attacker negotiation and tracing
After the incident

Distressed-asset disposal

We price, take on and work out what is left.

  • D1Bad debt and claim acquisition
  • D2Orderly DEX and OTC disposal
  • D3Restructuring and recovery

Case files

Three incidents we worked.

  1. Contained

    Base Approval exploit

    Arcadia Finance

    An unvalidated automation contract let an attacker drain user accounts. Every wallet with a live approval stayed exposed.

    approve(arcadiaAccount, type(uint256).max);
    Every live approval was an open hatch.
    drained on Base
    ~$3.5M
    attack waves
    2

    Our work

    • Swept wallets with live approvals
    • Whitehat-rescued exposed funds ahead of the attacker
  2. Closed

    BNB Chain Stablecoin depeg

    Lista DAO × USDX

    USDX lost its peg and borrowers stopped repaying, leaving lender funds stuck on Lista Lending.

    6 Nov · below $0.60 Peg · $1.00
    USDX liquidated
    3.5M+
    borrow rate
    ~800%

    Our work

    • Rescued trapped lender funds
  3. Recovery ongoing

    HyperEVM Frozen collateral

    Morpho × AVLT

    Altura's vault wound down after a run. AVLT redemptions stalled, and the USDT0/AVLT market froze.

    1. Listed on Morpho

    2. msUSD depegs

    3. Vault winds down

    4. Since

      Redemptions stall

    redeemed in ~24 h
    $8.5M+
    peak vault TVL
    $39M

    Our work

    • Coordinated and took part in the lender–borrower liquidation

Rescue protocol

First call to last dollar.

  1. T+0

    Mayday

    The call comes in.

  2. T+15m

    Muster

    War room assembles.

  3. T+1h

    Contain

    Stop the bleeding.

  4. T+24h

    Tow

    Stabilize and price the damage.

  5. T+7d

    Salvage

    Dispose and recover.

  6. T+30d

    Debrief

    Post-mortem.

N over C · I am in distress.

Taking on water?

Message the duty crew now. Partial information is fine.

Send us what you have

  1. Chain and contract addresses
  2. Tx hashes, prices, timestamps
  3. Your exposure and role