dYdX V3 Site Recovers After DNS Attack, Clear Browser Cache

Bittime - The dYdX website version 3.0 returned to normal functioning after experiencing a domain name system (DNS) attack on July 23. The dYdX team managed to restore the site within three hours of announcing the problem.

The Importance of Clearing Browser Cache After dYdX V3 Site Recovery

dYdX reminds users to clear their browser cache before visiting a website to avoid the risk of opening a compromised version of the site. In an official statement on social media on July 23, dYdX said: "The dydx.exchange site has been restored by dYdX Trading Inc. Make sure your device does not host a compromised version of the site. Clear your cache and restart your browser before accessing the website."

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Impact of DNS Attacks on dYdX Sites

This attack only affected the dYdX website temporarily, while other parts of the protocol remained safe and unaffected. The dYdX team confirms that the dYdX chain, dydx.trade, and v3 protocol remain safe to use and are not affected by this attack.

Wallet Extension Issues After DNS Attack

Some wallet extensions such as MetaMask and Phantom may still provide warnings when connecting to the dYdX site, but the team states that this issue will be resolved soon.

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Other Major Hacking Events in the Crypto World

The attack on dYdX comes a week after another major hack that stole more than $230 million from WazirX, an Indian cryptocurrency exchange. This is one of the biggest hacks in the crypto industry in 2024.

Increasing Trend of Crypto Hacking in 2024

The number of digital assets stolen through crypto hacks in 2024 is expected to exceed that of 2023. In the first quarter of 2024, hackers managed to steal digital assets worth $542.7 million, an increase of 42% compared to the same period in 2023. However, losses due to vulnerabilities smart contracts plummeted by 92% to $179 million in 2023, compared to $2.6 billion in 2022.

Private Key Leakage As Main Cause of dYdX Site Hack 

The “2024 Crypto HackHub” report by Merkle Science revealed that more than 55% of digital assets stolen in 2023 were due to private key leaks. The total crypto funds stolen in 2024 approached $1.4 billion, with centralized exchanges being the main target for exploitation according to a Web3 security report from cybersecurity firm Cyvers.

With this incident, dYdX users are expected to remain vigilant and take recommended security measures to protect their digital assets from increasing threats.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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