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Dec 6

dYdX lost $9 million as a result of a “targeted attack”

On November 17, dYdX, a decentralized derivatives exchange, faced a substantial setback, encountering a loss of approximately $9 million from its insurance fund. This considerable sum was utilized to cover user position liquidations within the Yearn Finance (YFI) token market. Despite the disheartening incident, the dYdX team has provided reassurance that the insurance fund, which currently stands at $13.5 million, remains adequately replenished. They emphasized that user funds remained unaff...

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