dYdX Proposes $462K Payout to Traders After 8-Hour Outage

preview image

Decentralized exchange dYdX is set to put a proposal before its community to compensate traders affected by an eight-hour chain outage. The disruption, which occurred during a significant market crash, led to incorrect trade executions and liquidation losses for some users. The proposed compensation aims to address these issues using funds from the protocol's insurance fund.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more