The Cascade CLS vault was attacked, causing damage to $1.3 million user funds

On 16 July, the Cascade Discord Administrator MAX indicated on the channel that the Cascade CLS vault was suspected to have encountered a security breach, resulting in a loss of approximately $1.3 million in user funds. The platform has suspended all transactions and cash withdrawals and has invited SEAL 911 and other third-party security teams to intervene in investigations and disposals. Cascade, a New York-based, 24/7 multi-asset-for-life contract platform that supports cashing through Arbitrum USDC or bank accounts, is still at the invitation-based self-censorship stage。