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Dango platform suffers a vulnerability attack, resulting in a loss of 410,010 USDC units
ME News Report, April 13 (UTC+8), DeFi one-stop trading application Dango announced that a security incident occurred today on the platform. The attacker has transferred out 410,010 USDC to Ethereum, and an additional $1,490,012 remains on-chain and recoverable. The official statement said that this incident was caused by a loophole in the insurance fund donation logic, as the system allowed anyone to donate without verifying whether the amount was positive, enabling the attacker to anomalously withdraw USDC collateral assets. The vulnerability only affected the insurance fund module and did not involve matching, profit and loss settlement, liquidation, or other trading systems. The protocol has currently paused on-chain operations and initiated a fund recovery process, promising full compensation to all affected users. (Source: MLion)