I just learned about the incident with Dango — honestly, at first I was worried about the people, but it turned out not to be so bad. The hacker found a vulnerability in the logic of the insurance fund (the contract did not check whether the donation amount was positive) and withdrew USDC. But here’s the catch — the withdrawal speed limits saved the situation. The guy was only able to transfer 410 thousand, the remaining 1.49 million stayed in the network thanks to these restrictions.

The most interesting part — the attacker turned out to be a white hat. He returned everything he stole and received a bug bounty. The Dango team responded quickly, involved security partners, and notified exchanges. Users remained unharmed, no one lost anything. Now the protocol is working on strengthening security and will be back online soon. Overall, it ended pretty well for such a scenario — it showed that the system has built-in safety nets.