dYdX exchange reveals post-mortem results of $9m November attack
Decentralized exchange dYdX has released a comprehensive report analyzing the “targeted attack” it encountered on its v3 platform in November. The incident led to a substantial loss of $9 million from its insurance fund, a figure that constitutes about 40% of the fund’s total value. dYdX stated in their Jan. 3 report that their investigation has successfully revealed the identity of the attacker, with whom they are now in communication. 1/ After looking into the YFI incident on dYdX v3, we’ve successfully tracked down the individual responsible & made a report to law enforcement. This is our in-depth analysis & next steps https://t.co/JGxebpERYl — dYdX (@dYdX) January 3, 2024 Additionally, the platform is considering various legal measures to take against the perpetrator responsible for the attack. “dYdX is assisting law enforcement in their investigation of this matter and is assessing all legal options. dYdX is committed to taking any leg...