Cascade CLS Vault Attacked, Resulting in $1.3 Million Loss

TechFlow news, on July 16, multi-asset perpetual contract platform Cascade Discord administrator MAX stated in the channel that the Cascade CLS vault was suspected of encountering a security vulnerability, resulting in a loss of approximately $1.3 million in funds. The platform has currently suspended all trading and withdrawals, and has invited SEAL 911 and other third-party security teams to intervene for investigation and handling. Cascade supports deposits via Arbitrum USDC or bank accounts, and is currently still in the invite-only private testing phase.