Latest News

Plus, a breakdown of every other token unlock and airdrop you need to know about for the month of December.

This week, the cryptocurrency market faced substantial turbulence, driven by Binance's legal challenges. With a hefty $4 billion settlement and the resignation of CEO Changpeng Zhao amid accusations of violating U.S. anti-money laundering laws, the industry witnessed significant disruptions.

The cryptocurrency market has experienced significant volatility this week, largely influenced by Binance's recent legal turmoil. The saga includes a massive $4 billion settlement and the consequential resignation of CEO Changpeng Zhao, following charges of violating U.S. anti-money laundering laws.

Prominent cryptocurrency critic Adam Cochran has raised concerns over decentralized protocol dYdX's risk management practices following a recent security breach that resulted in a $9 million loss of insurance funds.

dYdX founder Antonio Juliano said they're working to find the original culprit behind the exploit, and they'd rather pay community members who help in the investigation than the exploiter.

The announcement was made after a multimillion-dollar trade had to be compensated by the platform's insurance fund.

An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user.

The substantial blow to the dYdX V3 insurance fund, constituting approximately 40% of its total value, resulted from liquidations in the Yearn Finance market.

dYdX, a decentralized exchange with $1 billion in daily trading volumes, is reporting an attacker to the FBI.

Around $9 million in dYdX v3's insurance fund, roughly 40% of its total v3 funds, was used to process liquidations after an organized attack this weekend.

Decentralized cryptocurrency exchange dYdX has introduced new measures to reduce trading risks after burning $9 million of its insurance fund on Nov. 17 to cover users' losses.

Decentralized exchange dYdX has been compelled to utilize its insurance fund to cover losses amounting to $9 million caused.

In a decisive move to bolster its trading platform's stability and security, decentralized crypto exchange dYdX has implemented significant changes in its trading policies. This strategic shift comes in the wake of the exchange deploying $9 million from its insurance fund to offset users' losses incurred on November 17th.

The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations.

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

The attack on dYdX came as a result of targeting YFI's long positions. $9 million has been used to cover funds lost in the attack.

The decentralized exchange dYdX recently faced a major financial challenge, as it was forced to tap into its insurance fund to cover $9 million in user liquidations. This situation emerged following a sharp 43% decline in the value of the Yearn.Finance (YFI) token, which had previously experienced a significant rise.

dYdX, a prominent decentralized exchange, has deployed its insurance fund to mitigate the impact of a severe liquidation event, where $9 million worth of user positions were affected. Antonio Juliano, the founder of dYdX, attributed these liquidations to what he described as a “targeted attack” against the platform.

The attack involved "market manipulation of the entire $YFI market," according to dYdX's CEO, and investigations are underway.

dYdX founder Antonio Juliano said that the decentralized exchange as well as the Yearn.Finance token (YFI) are victims of a targeted attack.

A crypto whale deposited more than $4 million worth of dYdX (DYDX) to the crypto exchange Kraken on Monday as the asset's price pumped, according to the blockchain tracker Lookonchain. DYdX is a decentralized derivatives exchange. The project's native token surged by 30% on Monday, the day the whale made the deposit.

DYDX (CRYPTO: ETHDYDX), the native token of the dYdX chain, has witnessed a sharp increase of over 20% in value in the last day. What Happened: This price rally occurs with anticipation building as a massive token unlock date approaches for early investors and core team members in just 16 days' time.

SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move.

DYDX token surged 21% in 24 hours and 67% in 7 days after dYdX Chain enabled live trading in the beta stage on November 13