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dYdX has released a significant price fluctuation analysis report for SUSHI and YFI, the responsible person has been tracked down and reported to law enforcement

dYdX has released a significant price fluctuation analysis report for SUSHI and YFI, the responsible person has been tracked down and reported to law enforcement

Bitget2024/01/04 05:14
The official dYdX website has released a post-event analysis of the signific anT price fluctuations of SUSHI and YFI on dYdXv3, stating that they have successfully tracked down the person responsible and reported to law enforcement. dYdX is assisting law enforcement in investigating this matter and is evaluating all legal options. dYdX has updated risk control measures for dYdXv3, including adjusting margins for m arkets with lower liquidity; when abnormal activity occurs, initial margin ratios will automatically adjust, which may affect the ability to withdraw unrealized profits but will not affect liquidation prices; improvements have been made to open contract monitoring and alerts, especially over long periods.
 
Meanwhile, future risk controls on the dYdX Chain will include redesigning the liquidation engine, ensuring data-driven market availability, adopting variable margin ratios as well as introducing new risk management tools.
 
 
 
 
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