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DeFi Hacks Continue: Decentralized Exchange DODO Exploited for up to $3.8M

$7.7 Million Stolen In A Flash Loan Attack From Warp Finance


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.

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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.

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.”

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