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Dango

avoid.net/dango→28/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·25PcWs…PCSn

Summary

Dango was a perpetual futures decentralized exchange built on a proprietary Layer 1 blockchain, developed by Left Curve Software under pseudonymous founder Larry Engineer. The project raised $3.6 million in seed funding in November 2024, launched its mainnet in April 2026, suffered a $1.9 million exploit days after launch, and announced a full shutdown in July 2026 — approximately three months after going live. All user funds were ultimately returned, and the L1 blockchain is scheduled to permanently cease operations on August 13, 2026.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Dango
Relationships
    Also appears in
    edgeX Exchange·28Saga EVM Blockchain·32Trenton Richard Johnston·2Q2 2026 DeFi Record Hack Wave·0Alephium Bridge·18Bunni Protocol·28BitGrail·2Interpol Operation First Light 2026 — $123M Romance Scam Crypto Network·5BonkDAO Treasury Governance Attack (July 2026)·3Axiom DEX Insider Trading (Broox Bauer)·14
    Have evidence about Dango?

    Timeline(8 events)

    2024-11-16

    Dango raises $3.6 million in seed funding led by Hack VC and Lemniscap, with participation from Delphi Ventures, Cherry Crypto, Interop, and Public Works.

    Gate.com Fundraising Calendar

    2026-04-01

    Dango launches its mainnet perpetual DEX, built on a proprietary Layer 1 blockchain (Cosmos AppChain), approximately 17 months after seed funding.

    CoinTelegraph

    2026-04-13

    Dango suffers a $1.9 million exploit via a sign-check vulnerability in the replenish_insurance_fund() function. The attacker bridges $410,010 USDC to Ethereum before bridge rate limits halt further extraction. The chain is paused and SEAL-911 is contacted.

    BlockSec Weekly Security Roundup

    2026-04-13

    Within approximately three hours of disclosure, the attacker returns all $410,010 USDC in exchange for a bug bounty. The team states all user funds are unaffected. The $1,490,012 USDC remaining on-chain is recovered after the chain resumes.

    AMBCrypto

    2026-05-01

    Dango's total value locked peaks at approximately $4.5 million.

    CryptoBriefing

    2026-07-25

    Dango announces wind-down of all operations, citing cash shortages, legal compliance delays, team member departures, and unfavorable market conditions. Founder Larry Engineer states there is 'no viable path to a lasting commercial success.'

    The Defiant

    2026-07-29

    Dango halts all perpetual DEX trading at 12:00 pm UTC. Open positions are settled at oracle prices and LP vault deposits unlock for withdrawal. At the time of halt, open interest stands at approximately $391,000.

    CryptoBriefing

    2026-08-13

    Dango's Layer 1 blockchain permanently shuts down. Any user assets not withdrawn prior to this date automatically revert to users' original Ethereum deposit addresses.

    GNCrypto
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain15 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 15 of 15 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:17 AM

    last updated: 8/5/2026, 3:03:38 AM

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