Perp Dex Shut down & Exploited Meta in 2026: SHUT DOWN Dango : announced today. Trading halts July 29, the L1 stops running August 13. Credit where it’s due: funds are safe, positions close at oracle price, everything returns as USDC. A clean exit, which is rarer than it should be. Dreamcash : sunset from HIP-3 after closing its markets. Selini Capital unstaked 504K HYPE as a direct result. BitMEX : not a DEX, but worth including. The exchange that literally invented the perpetual swap is closing September 23 after 11+ years. And the graveyard from earlier rounds: Satori, Ranger Finance, Ventuals, Polynomial, DefX, Trove. EXPLOITED AFX : $24.15M, July 22. Attacker got in through a development environment, escalated to internal build infrastructure, then compromised validator signing keys on its bridge. Swapped everything into 12,467 ETH. Ostium : $18M, one week earlier. Compromised oracle key. Cascade : $1.3M, July 15. Mark price manipulation on thin markets drained the CLS vault. Two months of silence before it, a two-sentence update after it. Drift : $285M back in April. Still the largest of the year. For context: July alone crossed roughly $97M in total hack losses, worse than June. DeFi has lost over $840M to exploits in 2026.
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