Historical bad-debt events

Wormhole'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 — no lending markets, no bad debt mechanism exists. The Feb 2022 exploit created a collateral shortfall (120,000 wETH minted without backing) but this was a bridge exploit, not a lending bad-debt event. Jump Trading covered the loss, meaning no protocol-socialized loss.

Sources #

Curator note
Extracted from 04-economic.md — RD-F-067 finding; no URL cited in originalretrieved 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 wormhole factor RD-F-067 score not_applicable collected_at 2026-04-28 01:38:43