📢 Fast news: dYdX exchange was attacked, $9 million from the insurance fund was used to keep it stable.
- On November 17, an unknown individual attacked the dYdX exchange and its YFI token.
- The same scenario was tested on the exchange's SUSHI market just 2 weeks ago.
- The total amount of expansion on the floor increased by more than $66 million, $9 million from the dYdX insurance fund was used.
- No user accounts were affected.
🔒 Preventive measures:
- Initial margin requirements for "less liquid" token trades increased.
- dYdX continues to monitor and investigate the incident.
🔎 Search for attacker:
- dYdX exchange considers this event an attack.
- dYdX founder Antonio M. Juliano said his team provided information about the author to the FBI.
- Without an invitation to cooperate from the attacker, dYdX banned all highly profitable trading strategies on the platform.
🤔 The question is how profitable can a trade be before the account is closed?