DODO

DODO operates as a decentralized exchange that enables users to trade tokens directly on blockchain networks. The platform provides liquidity provision services allowing participants to deposit assets into pools and earn fees. It maintains two primary versions of liquidity pools designated as V1 and V2. Within the V2 framework, DODO offers a specialized product known as Crowdpools. V1 pools utilize a different pool architecture compared to V2 pools. Non‑Crowdpool V2 pools follow the standard V2 design distinct from the Crowdpool variant. The organization’s headquarters is situated in China.

On March 10, 2021, DODO experienced a security incident in which a smart contract vulnerability was exploited. The vulnerability allowed the creation of counterfeit tokens within the affected contracts. The exploit specifically targeted DODO’s V2 Crowdpools, leaving other pool types untouched. The attack impacted four named liquidity pools: WSZO, WCRES, ETHA, and FUSI. V1 pools and all non‑Crowdpool V2 pools remained secure during the incident. The estimated loss from the exploit was approximately $3.8 million. Despite the breach, DODO’s native token exhibited only a brief 2.55% price decline before recovering slightly.

The platform anticipated partial recovery of the stolen funds, estimating that about $1.88 million could be reclaimed. One of the affected pools had its funds fully restored following the incident. Community reaction to the hack remained largely supportive of the project. In response, DODO temporarily disabled the creation of new pools to prevent further exposure. The team collaborated with external security partners to investigate the vulnerability and implement fixes. No explicit information about DODO’s ownership structure, parent company, or subsidiaries is provided in the source material. Consequently, any discussion of ownership or corporate affiliations would be speculative and is omitted here.