Users were warned before Polychain-backed Cascade suffers $1.3M exploit

AI Summary Cascade, a Polychain-backed perpetuals platform, has informed users in its Discord that its main vault has been drained of over $1.3 million in USDC. It wrote, “Cascade detected a security exploit affecting our CLS vault, resulting in a loss of approximately $1.3M in user funds. We immediately paused all trading and withdrawals while we investigate.”... fulltext: 367 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/cascade-exploit-after-months-of-warnings/ Source: CryptoPolitan