A deliberate attack involving market manipulation of the Yearn Finance (#YFI ) market cost $9 million to dYdX's insurance fund.

Approximately forty percent of dYdX's insurance fund, or $9 million, was lost due to liquidations in the #cryptocurrency $YFI market as a result of the attack.

Antonio Juliano, the CEO of the platform, called the incident a "targeted attack" against dYdX and said that inquiries are being conducted.

With $13.5 million left over, the insurance fund is still "well funded" in spite of the loss. In an effort to stop such incidents, the platform is currently evaluating its risk parameters. The YFI token's #Cryptocurrencies market capitalization lost more than $300 million due to the attack.