RedefineProject · Collapse Archive

End-to-end risk assessment and mitigation solutions for DeFi investors

The project is slowly shutting down due to the parent company's financial difficulties

Peak Market Cap$20MPeak Value

Crash Duration24 monthsCrash Duration

Collapse Timeline

Live API Sync

Date of establishment2021Redefine introduces DeFi trading risk scanning and protection tools to safeguard against malicious contracts.

Funding has been successfully completed.Q1 2022The seed funding round was successfully completed, marking the official launch of the product.

peak business hoursQ2 2022Frequent DeFi hacks are driving demand for security tools, leading to an increase in users.

The market is shrinking.2023The overall DeFi market is in a downward trend, leading to reduced willingness among users to pay for security tools.

March 2022rise

Redefine launches with significant investment from leading institutional investors

The project was officially launched, offering DeFi risk assessment solutions, and has since attracted investment from renowned institutions such as Ribbit, enabling it to rise rapidly.

June 2023peak

Its user base reached its peak, establishing it as a benchmark in the industry.

Thanks to its sophisticated risk management model, Redefine has seen a surge in user adoption, emerging as the most trusted risk mitigation platform in the DeFi space.

November 2024crisis

The financial difficulties of the parent company have triggered an operational crisis.

The parent company’s severe liquidity crisis has halted Redefine’s research and development efforts, prompting the team to downsize in order to cope with the situation.

February 2025collapse

The project has announced a phased shutdown of its services.

Due to its parent company’s inability to provide support, Redefine officially announced a phased shutdown of its services, leading to the project’s eventual closure without any financial losses.

On-chain evidence

2023-12-01 December 2023

No significant on-chain evidenceNo significant abnormalities

No clear signs of security attacks or abnormal fund transfers were found in the on-chain data related to the shutdown of Redefine.

Asset losses

Project StatusNo longer in operationThe project ceased operations due to various factors.

User notificationLimitedInsufficient notice was provided prior to the shutdown.

Not disclosedTotal Loss

Capital losses for investors~$8M57%

Loss in platform value~$5M36%

User subscription losses~$1M7%

The suspension of Redefine has put users' assets at risk, with the exact scale of losses difficult to determine due to incomplete information.

It has a limited impact on the surrounding ecosystem.：The shutdown of Redefine has had a limited yet noticeable impact on its surrounding ecosystem and similar projects, serving as a reminder for investors to pay close attention to project operational risks.

A reversal in community sentiment

June 2024The trust period backed by institutional endorsementBacked by top-tier capital, users have full confidence in its risk management capabilities, driving a positive market sentiment.

February 2025The struggling parent company has raised concerns.With the parent company’s financial issues coming to light, the community has begun to worry about the project’s sustainability, and a mood of caution is spreading among participants.

August 2025Peace following the orderly shutdownAfter confirming there were no financial losses, the user agreed to terminate the service, with their emotions returning to rationality and calmness.

Emotional sentiment distribution

Warning and condemnation 15%Stay neutral and observe the market developments. 60%Defense support 25%

November 2022 DeFi用户 (Cryptocurrency security enthusiasts)：The Redefine trading protection features were quite useful, yet the platform struggled due to its small user base, making commercialization difficult, and it eventually shut down after exhausting all its funding.

Legal proceedings

No progress has been made.

Not available yet.September 2023

There are no publicly available records of any legal developments.

There are currently no publicly available records of legal lawsuits, regulatory penalties, or law enforcement actions directly related to this project. · Not available yet. · Not available yet. · No progress has been made.

There are currently no publicly available records of any legal developments regarding Redefine.

Lessons learned

1Beware of the financial risks posed by the parent company.

Although operated independently, these subsidiaries rely heavily on their parent company’s financial resources. Should the parent company face financial difficulties, the subsidiaries are highly likely to fail due to a cutoff in funding, making it essential for them to develop their own self-sustaining capabilities. 重点：Independent hematopoietic capability

2Risk management tools themselves also carry inherent risks.

DeFi infrastructure projects also face significant survival challenges. Investors should not rely blindly on third-party risk management tools but must maintain independent judgment regarding the underlying assets and the financial health of the operators. 重点：Make independent judgments about assets.

3Institutional endorsement is not a permanent safeguard.

Even with investment from top-tier institutions, projects lacking a sustainable business model are still likely to fail. Investors should focus on a project’s long-term profitability rather than merely considering its funding background. 重点：Focus on long-term profitability.