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bitcoin
Bitcoin (BTC) $ 69,580.64
ethereum
Ethereum (ETH) $ 2,440.73
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 564.17
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.509751
binance-usd
BUSD (BUSD) $ 0.995034
dogecoin
Dogecoin (DOGE) $ 0.174928
cardano
Cardano (ADA) $ 0.333782
solana
Solana (SOL) $ 165.85
matic-network
Polygon (MATIC) $ 0.303555
polkadot
Polkadot (DOT) $ 3.87
tron
TRON (TRX) $ 0.161881
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    dYdX founder claims focused assault led to $9M insurance coverage declare

    Latest News

    Decentralized alternate (DEX) dYdX was pressured to make use of its insurance coverage fund to cowl $9 million in consumer liquidations on Nov. 17. In accordance to dYdX founder Antonio Juliano, the losses resulted from a “focused assault” towards the alternate.

    Based mostly on reviews from the dYdX staff on X (previously Twitter), the v3 insurance coverage fund was used “to fill gaps on liquidations processes within the YFI market.” The Yearn.Finance (YFI) token dropped 43% on Nov. 17 after hovering over 170% within the earlier weeks. The sudden worth crash raised issues inside the crypto neighborhood a few doable exit rip-off.

    Steadiness modifications on dYdX’s insurance coverage pockets. Supply: DYDX Explorer

    Proceed Studying on Cointelegraph

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