The DODO exchange operating on the Binance Smart Chain lost $3.8 million in the attack.
📣 Important update regarding recent events on DODO
We are actively working with @samczsun, @tzhen, @peckshield, @SlowMist_Team, @BinanceChain, and @1inchExchange to investigate and rectify recent exploits targeting DODO V2 smart contracts. https://t.co/hyGqDUC7kM
— DODO DEX (@BreederDodo) March 9, 2021
The project team is investigating the incident alongside white-hat hacker samczsun, PeckShield analysts, SlowMist, the 1inch exchange, and the developers of Binance Smart Chain (BSC).
“The attack targeted several second-version DODO crowd pools, namely WSZO, WCRES, ETHA and FUSI. Funds in other pools, including all first-version pools, were safe. Total losses from the attack were approximately $3.8 million, of which about $1.88 million is expected to be returned,” the platform representatives wrote.
DODO launched in August 2020. The project attracted $600 thousand seed funding from Framework Ventures, DeFiance Capital, SevenX Ventures, the founder of Compound, Robert Leshner, and other venture investors.
In October DODO attracted $5 million from Binance Labs.
Earlier on Meerkat Finance on the Binance Smart Chain suspected the project’s developers of an exit scam.
In early February ForkLog reported about the exit-scams of four projects on BSC.
Subscribe to ForkLog’s channel on YouTube!