dYdX domain name hijacked, causing users to lose about $31,000, promised full compensation
On July 26th, DEX dYdX announced that the domain registrar for dydx.exchange (formerly Squarespace) confirmed unauthorized access to dYdX Trading's Squarespace account on July 23rd, due to successful social engineering attacks on Squarespace customer support. Within approximately 2 hours of the dydx.exchange domain being hijacked, 2 users lost a total of approximately $31,000. dYdX Trading has contacted these users and will ensure they receive full compensation. After securing the domain's safety, dYdX has added additional controls to prevent such incidents from happening again, including migrating the domain to Cloudflare.
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
Recent Developments Evaluated: What to Expect in the Cryptocurrency Market This Weekend?
Bitcoin Prophecy from a Giant Technology Company: “In 18 Months…”
Bitcoin technology company River, in its published analysis, drew attention to the step that Bitcoin institutional investors will take within 18 months.
Experienced Analyst Says “The Bull in Bitcoin Isn’t Over”, Gives Date for the Actual Peak
Cryptocurrency analyst Rekt Capital announced a new date for the real peak in Bitcoin prices in his statement.
Bitcoin and Ethereum ETFs drop to new lows after week of bearish price action
The total value held by U.S.-based spot Bitcoin ETFs is currently at its lowest level since May 1 after Bitcoin’s price declined this week.Spot Ethereum ETFs have hit their lowest total asset value yet recorded after similar price action.
