Ethereum-based dYdX saved from $2M security breach thanks to White Hat’s heroics
Security-enhanced privacy and personal monetary sovereignty are some of the major advantages that have seen decentralized exchanges (DEXs) rocket in popularity in recent history. Unfortunately, DEX use comes with its own set of security risks.
Today, decentralized crypto-exchange dYdX is trending, although not exactly for the right reasons. It is a non-custodial decentralized exchange that allows users to leverage trade via Ethereum smart contracts. Just recently, its daily trading volume surged to nearly $10 billion on the platform, surpassing the daily volumes of Coinbase and Uniswap.
However, one development might just affect this impressive surge. The protocol is in the news today after it resolved a security vulnerability before it could
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