🕵️‍♂️ dYdX, a decentralized exchange, has identified the attacker behind the $9 million heist on its v3 platform in Nov. 2023 and is now considering legal action. Here's the scoop:

- The attacker used 100+ wallets to initiate 5x leveraged long positions in YFI-USD, causing a 215% price surge in YFI tokens.

- dYdX raised initial margin requirements and lowered position sizes to limit the attacker's activities.

- The attacker's strategy backfired, and the insurance fund covered their losses.

- dYdX has improved its v3 platform and is launching a risk-mitigating v4 chain. 🚀

No customer funds were affected, and the attacker didn't profit from the YFI market manipulation. Better luck next time! 😜