$DYDX Targeted Attack Update!
The dYdX (Decentralized Exchange) has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange.
In a Saturday post on X, the dYdX team said that the v3 insurance fund was deployed “to address gaps in the liquidation process within the YFI market.”
“The v3 insurance fund remains well funded with $13.5m in funds remaining. No user funds were affected and our team is working to investigate the event”.
