Svmuu News: According to MAX monitoring, on July 16, the Cascade CLS treasury reportedly suffered a security breach, resulting in the loss of approximately $1.3 million in user funds. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and address the issue. Cascade is a New York-based, 24/7 multi-asset perpetual futures platform targeting the U.S. market. It supports deposits via Arbitrum USDC or bank accounts and is currently in the invite-only private beta phase.