Cascade Recovers $1.3M CLS Hack Losses, Promises 100% User Refunds

Cascade confirms full recovery of $1.3M stolen from CLS treasury. Users eligible for 100% compensation based on July 15, 2025 snapshot. Claims portal opens soon.

Woofun AI reports that Cascade has resolved the security incident affecting its CLS treasury, confirming the recovery of all misappropriated funds through cooperation with relevant parties. The platform stated that all users holding CLS assets are eligible for a 100% refund calculated against the value recorded at 21:08:00 UTC on July 15, 2025, with the claims interface scheduled to launch in the coming days.

This resolution follows the suspension of trading and withdrawals after a reported vulnerability led to approximately $1.3 million in losses. Cascade engaged third-party security firms, including SEAL 911, to investigate the breach, while administrator MAX communicated the status updates via the project's Discord channel.