dYdX founder: The recent insurance fund incident occurred on dYdX V3, not dYdX Chain

Odaily News dYdX founder Antonio posted on the X platform: It needs to be clear that the recent insurance fund incident on dYdX occurred on V3, not dYdX Chain. V3 has centralized components, but dYdX Chain does not. We help operate V3, but we do not help operate dYdX Chain. It is important to understand why we take these actions. Yesterdays news, dYdX officially issued a message on the X platform stating that approximately $9 million from the dYdX V3 insurance fund was used the night before To fill the gap in YFI market clearing. The V3 insurance fund remains fully funded, with remaining funds of $13.5 million. No user funds were affected and the team is working hard to investigate the incident.