dYdX v3 website recovers after DNS attack, warns users to delete cache
After the Domain Name Service (DNS) hacking attempt on July 23rd, dYdX has successfully restored version 3.0 of their website.
The group fully restored the crypto exchange's website within three hours after the deal was announced.
dYdX also warned users to clear the cache and restart the browser before visiting the site, in a July 23 X post:
“The dydx.exchange website has been restored by dYdX Trading Inc. Please note that your machine may still be caching the corrupted site. Be sure to clear your cache and restart your browser before connecting to the website.
The attack on the exchange comes a week after more than $230 million was stolen from WazirX, an Indian cryptocurrency exchange, in the second largest cryptocurrency data hack of 2024 so far.
Related: WazirX Hacker Merges $57M ETH into New Wallet
Only the dYdX website is down.
The attack on DIDX only temporarily crashed the exchange's website, but the rest of the protocol remained intact.
The exchange was explained in the July 23 X post:
“Just a reminder that the dYdX Chain, dydx.trade and v3 protocol have never been hacked and are safe to use.”
The team added that some wallets such as Metamask and Phantom may still display warnings when connecting to the site, but this “should be resolved shortly”.
Related: Hacked funds in 2024 up 15.4% over same period in 2023 – Immunefi
In the year Crypto Hackers May Outnumber 2023 in 2024
Crypto hackers are poised to have a lucrative year, with the amount of stolen digital assets likely to exceed last year.
In the first quarter of 2024, hackers stole $542.7 million worth of digital assets, a 42% increase compared to the same period in 2023 – but smart contracts are not responsible.
Money lost due to smart contract vulnerabilities fell 92% to $179 million in 2023, down from a staggering $2.6 billion in 2022, according to Merkel Science's “2024 Crypto HackHub Report.”
Instead, more than 55% of hacked digital assets will be lost to private key clues by 2023.
“The biggest security threat right now is the increasing rate of losses due to private key leaks,” Mriganka Patnaik, founder and CEO of crypto risk and intelligence platform Merck Science, told Cointelegraph.
Cybersecurity firm Web3's mid-year security report says the total amount of crypto funds stolen from centralized exchanges is approaching $1.4 billion by 2024.
Magazine: Wazir X Hackers Prepared 8 Days Before Attack, Fraudsters Register Fee for USDT: Asia Express
