Leaderboard
220All-time rank
dYdX V3
Nov 18, 2023
$9.0M
Lost
$9.0M
Recovered
$0
Net loss
$9.0M
Unrecovered0% recovered
On November 17-18, 2023, dYdX V3's insurance fund lost $9M via coordinated market manipulation in less-liquid SUSHI and YFI markets. The attacker built leveraged positions on dYdX, orchestrated spot market price surges, and triggered a liquidation cascade worth $38M notional to drain the insurance fund.
- Target
- DeFi
- Classification
- Market Manipulation
- Technique
- Risk Parameter Abuse
- Attribution
- Unknown
- Chains
Ethereum
Event timeline
- Nov 18, 2023Exploit executed — $9.0M drained via risk parameter abuse
- Attributed to Unknown
- Recovery status Unrecovered 0%