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Dough Finance Hacker incident not compensated, founder involved in new project profits 65 million USD
According to Reuters, in July 2024, the Dough Finance platform was attacked by hackers due to a vulnerability, resulting in user asset losses of approximately $2.5 million. Although co-founders Chase Herro and Zak Folkman promised to compensate for the losses, the two later launched a new encryption project, World Liberty Financial, which generated at least $65 million in revenue. Dough user Jonathan Lopez sued Herro, accusing him of fraud and breach of fiduciary duty, seeking damages. The Dough website is now closed, having recovered only about $281,000, and issued tokens of no actual value as compensation.