Historical bad-debt events

PancakeSwap's assessment for RD-F-067 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Not applicable in the lending sense — PancakeSwap does not accumulate bad debt. BCE/USDT ($679K, March 2025) and OCA/USDC ($422K) pool drains are LP impermanent-loss-style events from third-party token mechanics, not protocol bad debt events. The core AMM invariant was not broken. N/A per PD-024.

Sources #

URL
PancakeSwap Exploit BCE/USDT — cryptonews.netBCE/USDT exploit root cause — third-party token burn mechanism manipulation, not protocol bad debtretrieved 2026-04-28
Docs
00-profile.md §10 Known IncidentsPancakeSwap profile §10 — incident classification notesretrieved 2026-04-28

Methodology #

Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol pancakeswap factor RD-F-067 score not_applicable collected_at 2026-04-28 19:10:57