dYdX Exchange Hit by Multimillion-Dollar Attack, Insurance Fund Utilized

November 21st, 2023
dYdX, a crypto exchange, experienced a significant trade attack on its YFI token, leading to a $9 million draw from its insurance fund. This follows a similar incident on its SUSHI market. Measures are in place to increase margin requirements and prevent future attacks. No user funds were affected, and the platform collaborates with the FBI to track the perpetrators.
X

This field is for validation purposes and should be left unchanged.
X