dYdX Faces Backlash for Risk Management Failures Amid $9M Hack
Renowned crypto critic Adam Cochran criticizes dYdX for failing to adopt adequate risk management measures following a $9 million hack...
- Adam Cochran criticizes dYdX for failing to adopt proper risk management following a $9 million hack.
- Cochran compares dYdX to Synthetix, highlighting Synthetix's risk management protocol.
- Cochran concludes that it is important to manage risk.
- dYdX founder suspects the hack was a targeted attack and seeks FBI involvement.
- dYdX offers bounties for information on the hack but refuses to negotiate with the attackers.
The sentiment of the article is negative, as it highlights the criticism towards dYdX for its lack of risk management and the significant loss resulting from the hack.