bZx Protocol
BZRX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BZRX (bZx Protocol) represents a deprecated asset that has migrated to Ooki Protocol (OOKI), rendering the original BZRX token economically inert and inactive. Active development has completely stalled with no activity between 2024 and 2026, while market aggregators show a market cap of $0, non-existent trading volume, and no live exchange support. The project suffered catastrophic governance and security failures, including multiple major exploits in 2020 and a private key compromise in November 2021 totaling over $55 million in cumulative losses, followed by CFTC regulatory enforcement actions. Note: Community Support lacked sufficient live data and was excluded from the weighted score calculation. Under the deprecated/migrated token rule, BZRX is strictly rated as Avoid.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About bZx Protocol (BZRX)
bZx Protocol (BZRX) is a deprecated token that officially migrated to Ooki Protocol (OOKI) in December 2021, rendering the legacy BZRX token economically inert and inactive. Originally created by bZeroX LLC founders Tom Bean and Kyle Kistner before transitioning control to the bZx DAO in August 2021, bZx Protocol was designed for margin trading, borrowing, lending, and staking across Ethereum, Binance Smart Chain, and Polygon. The BZRX token historically held a capped supply of 1.03 billion and served governance, fee-sharing, and protocol insurance backing functions.
Throughout its lifespan, the protocol suffered multiple major exploits resulting in cumulative losses exceeding $55 million. In February 2020, bZx suffered two exploits, including flash loan attacks resulting in nearly $1 million in losses. In September 2020, an i-token duplication vulnerability resulted in approximately $8 million stolen. On November 5, 2021, a phishing attack compromised developer private keys controlling Polygon and Binance Smart Chain deployments, leading to an estimated $55 million in reported stolen funds ($47.6 million recorded). Compensation plans enacted after these incidents drew criticism for selectively compensating BZRX holders while leaving non-BZRX protocol users with low-recovery debt IOUs.
Following these security failures, the protocol faced regulatory enforcement actions from the Commodity Futures Trading Commission (CFTC) in 2022 and a landmark March 2023 federal court ruling that classified the bZx DAO as a general partnership, exposing DAO members to individual liability. Development on BZRX has ceased, with the token experiencing a price collapse, a reported market capitalization of $0, and a lack of active market trading.