Summary
DODO is a decentralized exchange (DEX) protocol launched in 2020, operating across 14 EVM-compatible chains, and known for its proprietary Proactive Market Maker (PMM) algorithm that concentrates liquidity near market price. On March 8, 2021, an attacker exploited a critical initialization vulnerability in DODO's V2 Crowdpooling smart contracts, draining approximately $3.8 million across four pools; roughly $3.1 million was subsequently recovered through voluntary restitution and frontrunning bot operator cooperation. The protocol continues to operate and has undergone multiple third-party security audits post-exploit, though it has lost significant market share and TVL since its 2021 peak.
Connected Entities
1 entities · 10 linked investigations- + 4 more
Timeline(14 events)
2021-03-08
Attackers exploit a critical re-initialization vulnerability in DODO V2 Crowdpooling smart contracts, draining approximately $3.8 million from four pools (WSZO, WCRES, ETHA, FUSI) using flash loans. Two frontrunning MEV bots also execute the exploit ahead of the primary attacker.
CoinDesk2021-03-09
DODO publicly discloses the attack; initial reports estimate $2.1 million in losses. Token price falls approximately 6% to $3.84. TVL declines 29% to $39 million.
BeInCrypto2021-03-10
DODO releases post-mortem with updated figures confirming $3.8 million total drained. Team reports recovery of $1.89 million (approximately 1,139,456 USDT and 411 ETH), with $200,000 frozen on an exchange. Net unrecovered loss estimated at approximately $700,000.
BeInCrypto post-mortem2021-03-16
V2 CrowdPooling and Vending Machine contracts audited by Beosin — after the exploit had already occurred.
DODO Official Documentation2021-04-13
DODO V2 contracts audited by SlowMist as part of post-exploit remediation.
DODO Official Documentation2021-12-15
DODO LimitOrder, RFQ, and CrowdPooling V2 contracts audited by CertiK.
DODO Official Documentation2024-04-01
DODO announces DODOchain, an omni-chain trading DEX initiative, as part of strategic pivot.
Coin Bureau DODO DEX Review2025-01-01
DODO token vesting schedules fully complete; entire 1,000,000,000 token supply now circulating.
Tokenomist DODO Unlock EventsDecision Log
- hash: 3c4cnzrCQfRznWakdw64tchX1MbBShLdHgzuuwbJCBDa
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:58 AM
last updated: 5/28/2026, 6:37:20 PM
avoid.net — verified advice for a post-truth world