Incident All ledgers
Snowdog: $18.1m
Snowdog lost $18.1m on 25 November 2021. Ranked 144th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 25 November 2021
- Lost
- $18.1m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Rugpull
- Method
- Liquidity Rug
- Chains
- Avalanche
SnowdogDAO on Avalanche moved its liquidity to a private Snowbank-controlled pool that required a secret key, leaving most holders unable to sell while three addresses drained funds. About $18.1M in liquidity was affected.
Against the ledger
- It ranks 144th of the 1,272 incidents with a known loss, and 30th in 2021.
- It accounts for 15.2% of the $119.3m in known losses in November 2021.
- 40 incidents in the ledger are classified as Rugpull, for $284.7m in total. This one is 6.4% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 23 Jun 2021 | StableMagnet | $27.0m | DeFi Protocol | Backdoor Contract | — |
| 20 Feb 2019 | Coinbin | $26.0m | CEX | Admin Drain | — |
| 02 Aug 2023 | Bald | $23.0m | DeFi Protocol | Liquidity Rug | — |
| 26 Aug 2023 | PEPE | $15.1m | Token | Admin Drain | — |
| 02 Dec 2020 | Compounder Finance | $12.5m | DeFi Protocol | Admin Drain | — |
All failures in 2021 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Snowdog, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/snowdog-2021-11-25/. How this is built