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.
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