Under the wave of 19 billion liquidation, dYdX only lost 460,000, sparking public outrage! The truth behind the 8-hour downtime is revealed.

On October 10, the cryptocurrency market experienced one of the largest liquidations in history amounting to $19 billion due to Trump's announcement of a 100% tariff on Chinese imports. On the same day, the decentralized exchange dYdX suddenly went down for about 8 hours, adding insult to injury.

The reason for the downtime is "incorrect code processing order," combined with the delayed restart of the critical "oracle Sidecar service" by the validator, which resulted in the system using outdated price data from 8 hours ago to process trades and settlements after recovery—this directly caused some traders, who should not have been liquidated, to be forcibly liquidated and incur losses. (Note: The oracle is the "price eye" of the exchange, responsible for providing real-time market prices.)

dYdX emphasizes that users' funds are not lost, but losses occurred due to erroneous liquidations, attempting to explain that this is a technical fault rather than a security vulnerability. However, the governance community subsequently proposed a plan: to compensate affected users up to $462,000 from the protocol's insurance fund, which is vastly different compared to the $19 billion market liquidation scale and users' actual losses, instantly igniting controversy within the community.

Currently, whether the $462,000 compensation is enforced still depends on a vote by the dYdX community token holders — this is precisely the characteristic of decentralized exchanges, where significant decisions are not made by the company, but rather through collective voting by the community.
#十月加密市场预测