The hacks and exploits on DeFi projects continue, and the latest victim to fall is the decentralized exchange platform – DODO. The attack targeted several V2 Crowdpools, and the stolen amount could go as high as $3.8 million.
DODO Victimized by Hackers
The decentralized finance sector is no stranger to malicious attacks and harmful exploits. The decentralized exchange and liquidity provider DODO is the latest to join the growing number of victims.
As the first complaints occurred on Twitter, the project said that it had “temporarily disabled” the pool creation portal as a precautionary measure while promising that it’s working with security partners to recover the funds.
Shortly after, the DODO team explained that the attack transpired on March 8th when the undisclosed hackers exploited several V2 Crowdpool. Namely, those are WSZO, WCRES, ETHA, and FUSI. DODO managed to recover the funds in the AC pool while all remaining pools – all V1 and non-Crowdpool V2 – were safe.
PSA Regarding Recent Exploit on DODO
On March 8, Several DODO V2 Crowdpools were attacked. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC pool funds have been fully recovered.
Funds in all other pools, including all V1 pools and all non-Crowdpool V2 pools, are safe.
— DODO DEX (@BreederDodo) March 9, 2021
As far as the total stolen amount goes, the project asserted that “approximately $3.8 million, of which $1.88 million is expected to be returned, was drained as a result of these exploits.”