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anchored·34NH2Z…JAPYSummary
DODO is a decentralized exchange (DEX) and on-chain liquidity protocol launched in August 2020, built around a proprietary Proactive Market Maker (PMM) algorithm that sources external oracle prices to concentrate liquidity and reduce slippage. On March 8, 2021, attackers exploited a reinitialization vulnerability in the V2 Crowdpool smart contracts, draining approximately $3.8 million from four pools; roughly $3.1 million was subsequently returned by white-hat and front-running bots, with an estimated $700,000 remaining unrecovered from the original attacker. No regulatory actions by the SEC, CFTC, or other agencies have been reported against the project or its founders as of August 2026.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(14 events)
July 2020
Seed round of approximately $600,000 led by Framework Ventures and DeFiance Capital closes.
DODO Medium Blog — Seed Round AnnouncementOctober 2020
$5 million private sale closes at $50 million valuation, led by Pantera Capital, Three Arrows Capital, and Binance Labs; Coinbase Ventures, Galaxy Digital, and Alameda Research also participate.
BeInCrypto — DODO Funding Round18 February 2021
CertiK issues audit report on DODO V2 contracts. Post-audit code changes to Crowdpool contracts introduce the reinitialization vulnerability that will later be exploited.
DODO Pool Incident Postmortem — DODO Medium Blog8 March 2021
External attacker exploits reinitialization flaw in DODO V2 Crowdpool contracts, draining approximately $3.8 million across four pools (WSZO, WCRES, ETHA, FUSI). All V1 and non-Crowdpool V2 pools remain unaffected. DODO disables pool creation portal.
CoinDesk — DODO DEX Drained of $3.8M9 March 2021
DODO announces that operators of two front-running bots who captured approximately $3.1 million during the exploit have agreed to return the funds.
The Block — DODO Recovers Some Funds16 March 2021
Beosin publishes post-incident audit of the Crowdpooling and Vending Machine contracts.
DODO Docs Security Page10 April 2021
PeckShield, SlowMist, and CertiK complete audits of the DODO Mining contracts.
DODO Docs Security PageJuly 2022
Three Arrows Capital, an investor in DODO's October 2020 funding round, files for Chapter 15 bankruptcy following insolvency. No direct operational impact on DODO has been publicly reported.
CNBC — How the Fall of Three Arrows Dragged Down Crypto InvestorsNovember 2022
FTX and Alameda Research collapse. Alameda Research had participated in DODO's October 2020 funding round. No direct operational impact on DODO has been publicly reported.
Decrypt2024
DODO V3 launches with concentrated liquidity support and cross-chain expansion to Base and Arbitrum; roadmap includes Solana/SVM integration and BirdLayer omnichain layer.
DODO Docs — RoadmapAugust 2026
DODO protocol reports approximately $11.86 million TVL and $233.9 million in 30-day DEX volume per DeFiLlama. DODO token trades at approximately $0.015–$0.019, approximately 99.8% below its 2021 all-time high.
DeFiLlama — DODO ProtocolDecision Log
- hash: 5KwmDakGe8PG48SZZeKReYLGnPJNrLbJqmZhkMnqxjkY
- hash: BsG8fGAh5mxmNA4fVmcAiTreHPVteSFS7BKhjPWC9AuL
- hash: 3c4cnzrCQfRznWakdw64tchX1MbBShLdHgzuuwbJCBDa
This investigation is cryptographically anchored to the Solana blockchain (3 events). 20 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:58 AM
last updated: 8/19/2026, 1:56:01 AM
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