The decentralized exchange dYdX plans to compensate affected traders with up to $462,000 in compensation, drawn from the protocol's insurance fund, following an approximately eight-hour chain outage on October 10th. Officials stated that the outage was caused by a code execution sequence error and a delayed oracle restart. After the chain was restored, outdated data led to price fluctuations. While users' on-chain funds were not harmed, some accounts suffered liquidation losses. The community will vote on the compensation proposal. (Cointelegraph)
The dYdX community will vote on a proposal to compensate traders affected by the service outage for a total of $462,000.
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