Several V2 Crowdpools belonging to the decentralized exchange and liquidity provider DODO DEX were subjected to a new DeFi attack.
Hacks and exploits in DeFi projects continue, and the latest victim is the decentralized exchange platform - DODO. The attack targeted several V2 Crowdpools, and the amount stolen could reach up to $ 3.8 million.
DODO victimized by hackers
The decentralized financial sector is no stranger to malicious attacks and malicious exploits. Decentralized exchange and liquidity provider DODO was the latest company to join the growing number of victims. When the first complaints arose on Twitter, the project said it had "temporarily disabled" the pooling portal as a precautionary measure, while promising to work with security partners to save funds.
Shortly after, the DODO team announced that the attack occurred on March 8, when undisclosed hackers exploited the V2 Crowdpool. These pools include WSZO, WCRES, ETHA and FUSI. DODO managed to recover funds from the AC pool. All remaining pools were safe.
DODO's statements regarding the attack
Several DODO V2 Crowdpools were attacked on March 8. While the WSZO, WCRES, ETHA and FUSI pools were affected from the attack, AC pool funds were completely recovered. Funds in all other pools are safe, including all V1 pools and all non-Crowdpool V2 pools.