{"id":84915,"date":"2024-07-24T05:35:13","date_gmt":"2024-07-24T09:35:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84915"},"modified":"2024-07-24T05:35:16","modified_gmt":"2024-07-24T09:35:16","slug":"dydx-restores-v3-of-website-following-dns-attack","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dydx-restores-v3-of-website-following-dns-attack\/","title":{"rendered":"dYdX Restores v3 of Website Following DNS Attack"},"content":{"rendered":"\n

dYdX effectively restored version 3.0 of their website following an apparent domain name service <\/a>(DNS) hijacking attempt and warned users to clear their browser\u2019s cache before visiting the website.<\/p>\n\n\n\n

\"dYdX
dYdX Restores v3 of Website Following DNS Attack<\/figcaption><\/figure>\n\n\n\n

Within three hours of the announcement of the compromise, the team successfully restored the cryptocurrency exchange's website.<\/p>\n\n\n\n

In an X post on July 23, dYdX also advised its users to clear their cache and restart their browsers before accessing the website:<\/p>\n\n\n\n

\u201cdydx.exchange website has been recovered by dYdX Trading Inc. Please note that your machine may still be caching the compromised site. Clear your cache and restart your browser before connecting to the website.\u201d<\/em><\/p>\n\n\n\n

The assault on the exchange occurred one week after the second-largest cryptocurrency hack of 2024, which resulted in the theft of over $230 million from WazirX<\/a>, an Indian cryptocurrency exchange.<\/p>\n\n\n\n

Only dYdX website was attacked<\/h2>\n\n\n\n

Despite the temporary compromise of the exchange's website by the attack on dYdX, the remainder of the protocol remained uninfluenced.<\/p>\n\n\n\n

The exchange clarified in a post on X on July 23:<\/p>\n\n\n\n

\u201cA reminder that the dYdX Chain, dydx.trade and the v3 Protocol were never compromised and are safe to use.\u201d<\/em><\/p>\n\n\n\n

The team stated that warnings may still be displayed when connecting to the site for specific wallet extensions, such as Phantom and Metamask, but this issue “should be resolved shortly.”<\/p>\n\n\n\n

Cryptocurrency breaches in 2024 may surpass that of 2023<\/h2>\n\n\n\n

Crypto hackers anticipate a lucrative year that could surpass the quantity of digital assets stolen in the previous year.<\/p>\n\n\n\n

Hackers stole digital assets valued at $542.7 million in the first quarter of 2024, a 42% increase from the same period in 2023. However, smart contracts are not to blame.<\/p>\n\n\n\n

According to Merkle Science's “2024 Crypto HackHub Report” report, the amount of funds that were stolen due to smart contract vulnerabilities decreased by 92% to $179 million in 2023, a decrease from the astounding $2.6 billion that was lost in 2022.<\/p>\n\n\n\n

In contrast, private key breaches resulted in the loss of more than 55% of the digital assets hacked in 2023.<\/p>\n\n\n\n

\"Crypto
Crypto total losses by vulnerabilities. Source: Merkle Science<\/em><\/figcaption><\/figure>\n\n\n\n

Mriganka Pattnaik, co-founder and CEO of Merkle Science, a crypto risk and intelligence platform, stated to Cointelegraph that the most pressing security issue currently is the rapid rise in losses caused by private key breaches.<\/p>\n\n\n\n

According to the mid-year Web3 security report from cybersecurity firm Cyvers\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the total volume of stolen crypto funds in 2024 is on the brink of $1.4 billion as centralized exchanges become the new focal point for exploits.<\/p>\n","protected":false},"excerpt":{"rendered":"

dYdX effectively restored version 3.0 of their website following an apparent domain name service (DNS) hijacking attempt and warned users to clear their browser\u2019s cache before visiting the website. Within three hours of the announcement of the compromise, the team successfully restored the cryptocurrency exchange’s website. In an X post on July 23, dYdX also […]<\/p>\n","protected":false},"author":12,"featured_media":84930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73,11476],"tags":[16148,16669,4660],"class_list":["post-84915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","category-hacks-and-scams","tag-crypto-hack-2","tag-dns-attack","tag-dydx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/DYX.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84915"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84930"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}