Decentralized exchange dYdX has recently published a comprehensive post-mortem report detailing the “targeted attack” it experienced on its v3 platform in November. The attack resulted in a significant loss of $9 million from its insurance fund, which accounted for approximately 40% of its total holdings.
dYdX has made significant progress in identifying the attacker and is currently engaged in communication with them. The exchange is also considering potential legal actions against the perpetrator. In their report, dYdX expressed gratitude for the efforts of their team, community partners, and forensics contractors, which led to uncovering the identity of the attacker.
