Cascade

Exchange record

Invite-only perpetual markets platform in private beta. Cascade paused all trading and withdrawals after a July 2026 economic exploit of its Cascade Liquidity Strategy vault caused approximately 1.34 million USDC in user-fund losses.

DEXLimited

Also known as: Cascade XYZ, Cascade Perpetuals, cascade.xyz

Registry sequence

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Key facts

Launch date

—

Death date

—

Years

—–—

Origin

Arbitrum ecosystem

Confidence

high

Last verified

2026-07-25

URL handling

Preferred action

Use current URL handling based on status below.

URL status

Live verified

Original URL

https://cascade.xyz/

Archived URL

View archived site

Summary

Timeline

CLS vault exploit halted Cascade trading and withdrawals

2026-07-15exploitcritical

Attackers accumulated long positions in thin-liquidity markets, manipulated mark prices upward, and caused the Cascade Liquidity Strategy vault's opposing positions to be liquidated and auto-deleveraged. Cascade reported approximately 1.34 million USDC in losses and paused all trading and withdrawals.

Evidence

Cascade perpetual markets application

Cascade—official_statementhigh reliabilityentityarchive

Cascade CLS exploit disclosure

Cascade2026-07-16official_socialhigh reliabilityeventarchive

Cascade loses $1.3M in vault exploit after months of warnings

Cryptopolitan2026-07-16news_articlemedium reliabilityeventarchive

Polychain-Backed Cascade Hacked for $1.34M in Locked User Funds

The Crypto Times2026-07-16news_articlemedium reliabilityeventarchive

Related records

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Notes and record state

Record note

Cascade remains publicly described as a private-beta perpetuals platform, and its website remains live. The operator confirmed that all trading and withdrawals were paused after the 15 July 2026 CLS vault exploit. HEI uses limited rather than inactive or dead because no verified shutdown announcement or permanent closure has been published. The investigation and recovery outcome remain unresolved.

Revision state

Records may be incomplete, approximate, contested, or revised as better evidence becomes available.

This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections

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