dYdX identifies attacker, considers legal action over $9M loss
To avoid future coordinated attacks with similar tactics, dYdX said it had improved its v3 trading platform to enhance open-interest monitoring and alerts.
Decentralized exchange dYdX says it has uncovered the identity of the attacker responsible for the exchange’s v3 platform attack on Nov. 17, 2023, which resulted in a loss of $9 million from its insurance fund.
In a post-mortem on the “targeted attack” on the exchange, dYdX confirmed that it is now looking into legal actions against the person responsible.
To avoid future coordinated attacks with similar tactics, dYdX said it had improved its v3 trading platform to enhance open-interest monitoring and alerts.
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