dYdX founder: We are investigating the liquidation of dYdX v3 insurance fund with multiple partners
DYdX founder Antonio responded on social media to the news that "about $9 million from the dYdX v3 insurance fund was used to fill the gap in the YFI market liquidation", stating that this is clearly a targeted attack on dYdX, including market manipulation of the entire YFI. We are conducting investigations with multiple partners and will maintain transparency in our findings, and even if no user funds are affected, we will thoroughly review our risk parameters and make appropriate changes to v3 and possible dYdX Chain software if necessary.Previously, Golden Finance reported that dYdX stated in a post that about $9 million from the dYdX v3 insurance fund was used to fill the gap in the YFI market liquidation last night.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index fell slightly to 93, and the level is still extremely greedy
Breaking Down the Best: Why Qubetics, Ethereum, and Chainlink Are Leading November’s Crypto Scene
Court extends pretrial detention of Tornado Cash developer Pertsev