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The post dYdX Warns Against Malicious Snapshots! appeared first on Coinpedia Fintech News
The dYdX community has been warned about a potentially malicious snapshot, which was designed to skip testing and go live with BETA v4. The dYdX Foundation has advised against participating in this snapshot and advised individuals to avoid the Ethereum address responsible for its creation. Reports have linked the Ethereum address to a phishing scam, raising concerns about potential fraudulent activities. Antonio Juliano, the founder of dYdX, has expressed his optimism about the inflation reduction within the ecosystem but emphasized that decisions regarding adjustments to the token economic model.
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