**News Flash: dYdX Recovers from DNS Hijack Attempt**

Crypto exchange dYdX swiftly restored its website after a DNS hijacking attempt on July 23. The team managed to recover the site within three hours and advised users to clear their cache and restart their browsers to ensure safety. Importantly, the rest of the dYdX protocol remained unaffected.

This incident follows a major hack on WazirX, where $230 million was stolen, marking the second-largest crypto hack of 2024.

Crypto hacks are on the rise, with $542.7 million stolen in Q1 2024, a 42% increase from the same period in 2023. Most losses stem from private key leaks rather than smart contract vulnerabilities. The total stolen crypto funds in 2024 are nearing $1.4 billion.