What Happened To dYdX This Week: A Quick Recap

What Happened To dYdX This Week: A Quick Recap
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dYdX affirms the v4 platform is unaffected by the DNS hijack.
The native token dYdX fell over 10% following the website compromise.
The dreadful hack of July that shook the entire crypto community was WazirX’s $230 million attack. Besides this, there was a minor breach staged. On July 23, dYdX, an Ethereum decentralized exchange (DEX), encountered a DNS hijack.
What actually happened? How quickly did the platform recover? Who was affected, and what was the amount of funds lost? Let’s dive in to know it briefly. 
dYdX’s Analysis on The DNS Attack
The DNS hijack occurred after unauthorized individual access to dYdX Trading’s domain — “dydx.exchange” —through a social engineering attack on its Squarespace customer support. Reportedly, the attacker hosted a “malicious site” making users transfer ETH and ERC-20 tokens when connecting wallets. The security breach has no significant monetary loss. However, two users ended up losing $31K during the attack. 
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