{"id":196246,"date":"2023-11-19T00:51:14","date_gmt":"2023-11-18T19:21:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=196246"},"modified":"2023-11-19T00:51:14","modified_gmt":"2023-11-18T19:21:14","slug":"dydx-suffered-clearly-targeted-attack-founder-antonio-juliano-said-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dydx-suffered-clearly-targeted-attack-founder-antonio-juliano-said-crypto-news\/","title":{"rendered":"dYdX Suffered “Clearly Targeted Attack,” Founder Antonio Juliano Said – Crypto News"},"content":{"rendered":"

<\/p>\n

Attack included market manipulation of the $YFI market.<\/p>\n

\n

dYdX suffered a targeted attack which included the manipulation of its YFI token market, founder Antonio Juliano said<\/a> on X.<\/p>\n

The team used $9M from the dYdX v3 insurance fund to rectify shortfalls related to liquidations processed in the market for the YFI token, according to a post from the exchange’s X account.<\/p>\n

“No user funds were affected and our team is working to investigate the event,” dYdX tweeted.<\/p>\n

Despite this sizable reduction, the insurance fund still retains $13.5 million remaining, dYdX said.<\/p>\n

<\/a><\/p>\n

“This was pretty clearly a targeted attack against dYdX,” Juliano said.<\/p>\n

dYdX will be conducting a review of their risk parameters, and may modify not only the v3 software but also potentially for the underlying dYdX Chain software, Juliano said.<\/p>\n

The dYdX token slipped by almost 7% in the hour after the attack was disclosed.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Attack included market manipulation of the $YFI market. dYdX suffered a targeted attack which included the manipulation of its YFI token market, founder Antonio Juliano said on X. The team used $9M from the dYdX v3 insurance fund to rectify shortfalls related to liquidations processed in the market for the YFI token, according to a […]<\/p>\n","protected":false},"author":2,"featured_media":196247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-196246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=196246"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196246\/revisions"}],"predecessor-version":[{"id":196253,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196246\/revisions\/196253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/196247"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=196246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=196246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=196246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}