[Cascade CLS Vault Attacked, Resulting in $1.3 Million in User Fund Losses] On July 16, Cascade Discord administrator MAX stated in the channel that the Cascade CLS Vault is suspected to have encountered a security vulnerability, leading to 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 address the issue. Cascade is a New York-based 24/7 multi-asset perpetual contract platform targeting the U.S. market. It supports deposits via Arbitrum USDC or bank accounts and is currently in an invite-only private testing phase.