Crypto brokerage platform Cascade announces cessation of operations, users need to withdraw remaining funds

Cascade, a cryptocurrency brokerage platform, announced on X platform that it will officially cease operations after about 5 years of operation. Users can collect the remaining funds in Cascade CLS and trading accounts through the official designated page, and only use the official collection portal provided. In July, the Cascade CLS vault was suspected to have encountered a security vulnerability, resulting in approximately $1.3 million in user fund losses.