dYdX founder: The recent insurance fund incident occurred on dYdX V3, not dYdX Chain
DYdX founder Antonio posted on X platform, stating: "One thing that needs to be clarified is that the recent insurance fund incident on dYdX occurred on V3, not on dYdX Chain. V3 has centralized components, but dYdX Chain does not. We help operate V3, but we do not help operate dYdX Chain. It is important to understand why we are taking these actions."
DYDX whale deposited 1.5 million DYDX to Binance in the past hour
Scopescan monitoring shows that in the past hour, DYDX whale "0x2a25" deposited 1.5 million DYDX (4.84 million US dollars) into Binance.Part of the DYDX in the address was purchased from Binance (at a price of $2.22, 600,000 DYDX), and the rest came from the DYDX reward pool.
A certain whale deposited 1.5 million DYDX to Binance in the past hour, which is approximately US$4.84 million.
On November 20th, Scopescan monitoring reported that a whale had deposited 1.5 million DYDX tokens, worth approximately $4.84 million, into Binance within the past hour.
dYdX founder: dYdX will not pay rewards to attackers or negotiate with attackers
Antonio, the founder of dYdX, posted on social media X, stating that dYdX will pay rewards to those who are most helpful in assisting with the investigation. We will not pay rewards to attackers, nor will we negotiate with them. We and others have made significant progress in identifying the attackers. We are reporting the information we have to the Federal Bureau of Investigation. More updates will be coming soon.
Lookonchain: The person who profited from manipulating the price of YFI through dydx once used the same method to manipulate the price of SUSHI
Someone manipulated the price of YFI on dydx to make a profit. On November 14th and 15th, wallets "0xCCb6" and "0xB017" deposited a large amount of USDC into dydx through multiple addresses, possibly to go long on YFI.
dYdX: Highly profitable trading strategy now banned
dYdX announced on social media that its high-profit trading strategy has been banned. In addition, dYdX also announced today that it has used approximately $9 million from the dYdX v3 insurance fund to fill the gap in the YFI market liquidation, and the v3 insurance fund still has $13.5 million in remaining funds and is in good financial condition.
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.
Arkham: About $50M of open YFI positions on dYdX were liquidated
Arkham stated that YFI has dropped nearly 40% recently, and about $50 million of open positions on dYdX have been closed. Prior to this, nearly half of YFI's open positions were on dYdX.
A certain whale deposited 550,000 DYDX to CEX in the past 30 minutes, approximately US$2.07 million
On November 17th, Scopescan monitoring revealed that within the past 30 minutes, a whale deposited 550,000 DYDX tokens (approximately $2.07 million USD) into both Binance and OKX exchanges. The whale had purchased 693,000 DYDX tokens at an average price of $2.5 USD three weeks ago, which has now increased by 44%.
A whale sold 500,000 DYDX 12 hours ago
According to Yu Jin monitoring on November 16th, a whale sold 500,000 DYDX for 2 million USDC at a price of $4.015 through Amber in the previous 12 hours.
