Web3 is going just great [English] - dYdX insurance fund loses $9 million in apparent attack
- 19 novembre -
Around 40% of the "insurance fund", intended to protect dYdX users from having to backstop other traders' losing trades, was drained in what dYdX CEO described as "pretty clearly a targeted attack against dYdX". An attacker manipulated the market for the Yearn Finance token, which is not normally heavily traded on dYdX, but which experienced a surge in trades around the attack. By taking advantage of flaws in dYdX's risk management, the attacker was able to rack up big losses and then force the dYdX insurance fund to pay out.
par Molly White
Web3 is going just great [English]
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
Bitcoiner spends $3 million on transaction fee- 25 novembre -
A Bitcoiner making a large transaction ended up spending 83.64 BTC (~$3 million) of the 139.42 BTC (~$5.1 million) transaction on transaction (...)
KyberSwap hacked for $48 million
- 25 novembre -
The KyberSwap decentralized exchange was hacked by an attacker who stole large sums of ETH, wETH, and the USDC stablecoin. Altogether, the assets (...)
HTX (fka Huobi) and Heco Chain hacked for $115 million
- 25 novembre -
Justin Sun confirmed that HTX (formerly Huobi) and its related Heco Chain protocol were hacked for a combined $115 million. It's been a rough few (...)
Binance fined over $4 billion, founder pleads guilty and resigns
- 25 novembre -
Binance founder Changpeng "CZ" Zhao pleaded guilty to money laundering charges and agreed to step down as CEO of Binance, the largest global (...)
Bittrex finally closes up for good
- 25 novembre -
After paying a then-record $29 million fine for sanctions violations in October 2022, shutting down US operations in March 2023, filing for (...)