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Dango

avoid.net/dango→52/100·72% conf.
[VERIFIED][src:defillama]
anchored·25PcWs…PCSn

Summary

Dango (ticker: DNG) is a DeFi-native Layer-1 blockchain and perpetual futures exchange that raised $3.6 million in seed funding in November 2024 from Hack VC, Lemniscap, and Delphi Labs. On April 13, 2026, the protocol suffered a logic flaw exploit in its insurance fund donation contract, resulting in $1.9 million USDC being drained; approximately $410,010 was bridged to Ethereum before bridge rate limits halted further outflows. The attacker was identified as a white hat who returned all funds in exchange for a bug bounty, leaving user positions and trading functions unaffected.

Connected Entities

1 entities
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□Dango
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    Timeline(5 events)

    2024-11-16

    Dango closes $3.6 million seed funding round led by Hack VC and Lemniscap, with participation from Delphi Labs, Public Works, Cherry Crypto, and Interop.

    2025-01-01

    Dango testnet 2.0 airdrop campaign opens; users begin accumulating points through trading and vault deposits across weekly epochs.

    2026-04-13

    Attacker exploits a sign-error logic flaw in Dango's insurance fund donation contract, draining approximately $1.9 million USDC from the perpetual futures collateral pool. $410,010 USDC is bridged to Ethereum before bridge rate limits halt further outflows. Dango pauses its chain and engages SEAL-911.

    2026-04-14

    Dango confirms the attacker self-identified as a white hat and agreed to return all funds in exchange for a bug bounty. Full $1.9 million USDC is returned. Team announces user funds were unaffected and no trading positions were impacted.

    2026-04-15

    Dango resumes points farming campaign and announces additional security reviews and removal of the vulnerable donation logic prior to full relaunch.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:17 AM

    last updated: 6/10/2026, 12:07:42 AM

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