News linked to both this project and an event.
According to on-chain analyst Ai Yi, the address "0x08E…03e6b" received 1,500 ETH back in September 2021, when the price was $3,159.27. It had never transferred or sold any of it since, but just 2 hours ago it deposited 1,250 ETH ($3.14 million) to MAX Exchange. If sold, the asset would shrink by more than 20%.
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.