dYdX User Funds Not Affected by YFI Hack, Says dYdX Founder

• Antonio Juliano shared that no user funds were lost in the latest YFI hack.
• In the post, Juliano revealed that he believes this attack was an intentional attempt to drain funds from the dYdX insurance pool.
• dYdX’s founder also stated that the attacker attempted an unsuccessful attack on the dYdX SushiSwap (SUSHI) market 2 weeks ago.

The founder of dYdX, Antonio Juliano, shared an update regarding the hack that dYdX suffered over the past few days. According to an X post published yesterday, no user funds have been lost.

Leading up to the incident, open interest for yearn.finance (YFI) spiked from $0.8 million to $67 million. Juliano is confident that this spike was driven by one malicious actor in an “intentional market manipulation attempt by a well capitalized actor(s) designed to drain funds from the dYdX insurance pool”.…

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