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Bearish

Cardano's Splash DEX exploit drains 2.4M ADA; OADA holders face liquidity issues

A recent exploit in Cardano's Splash DEX resulted in the loss of approximately 2.4 million ADA, leading to significant liquidity challenges for OADA holders. Despite a patch being applied, the missing funds have not been recovered, leaving affected users in a precarious position.

Key points

  • Splash DEX exploit drains 2.4M ADA, leaving OADA holders without liquidity options.
  • Splash applies patch to address validator flaw; recovery of lost funds remains uncertain.
  • Optim Finance pauses operations to audit impacted addresses; no liquidity or operations have resumed.

Sources

AI-generated from public news sources. Not financial advice.

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