Wu Says Learned that Cascade Discord administrator MAX said in the channel that the Cascade CLS vault is suspected to have suffered a security vulnerability, resulting in user funds losses of approximately $1.3 million. The platform has paused all trading and withdrawals, and has invited SEAL 911 and other third-party security teams to step in to investigate and handle the matter. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York and focused on the US market. It supports deposits via Arbitrum USDC or bank accounts, and is currently still in an invite-only private testing phase.