The founder of Decentralized finance (DeFi) protocol dYdX, Antonio Juliano, took to X (formerly Twitter) to share the findings of the investigation into the loss of $9 million in insurance funds on Nov. 17 in what many suspected was an exit scam.
Juliano noted that the dYdX chain wasn’t compromised, and the insurance claims of $9 million took place on the v3 chain. The v3 insurance fund was used to fill gaps in liquidation processes in the Yearn.finance (YFI) token market.