Crypto brokerage platform Cascade announces shutdown

Odaily reports: Crypto brokerage platform Cascade (formerly Perennial) announced on X that it is officially ceasing operations after approximately 5 years.

Cascade stated that this was a difficult decision. Users can claim remaining funds from Cascade CLS and their trading accounts through the officially designated page, and users are reminded to only use the official claim portal.

Previously in July, the Cascade CLS vault was suspected to have suffered a security exploit, resulting in approximately $1.3 million in user fund losses.