Dough Finance was attacked by a Hacker, resulting in a loss of $2.5 million, and the founder has been accused of fraud.

GateNews

2025-05-19 21:28:43

Gate News bot message, Reuters reported that the Dough Finance platform was attacked by a Hacker in July 2024, resulting in user asset losses of approximately $2.5 million. Co-founders Chase Herro and Zak Folkman, after promising to compensate users for their losses, turned to establish a new project called World Liberty Financial, which generated $65 million in revenue.

Dough user Jonathan Lopez has filed a lawsuit against Chase Herro, accusing him of fraud and breach of fiduciary duty, seeking damages. Currently, the Dough website has ceased operations, the platform has only recovered $281,000 in funds, and has issued tokens of no actual value to users as compensation.

Original link

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments