Cascade CLS treasury was attacked, resulting in a loss of 1.3 million dollars

The multi-asset perpetual contract platform Cascade's Discord administrator MAX stated in the channel that the Cascade CLS treasury is suspected to have encountered a security vulnerability, resulting in a loss of approximately $1.3 million. The platform has currently suspended all trading and withdrawals, and has invited SEAL 911 and other third-party security teams to investigate and address the issue.

Cascade supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.