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CoinGape 2023-11-18 20:30:44

dYdX Responds to $9M Liquidation with Swift Insurance Action

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 digital asset space experienced dramatic fluctuations The post dYdX Responds to $9M Liquidation with Swift Insurance Action appeared first on CoinGape .

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