dYdX closes the token bridge, resulting in $25 million loss for 45,000 holders
Source: CoinWorld
Time: 2025-09-16 23:31:15
dYdX permanently closed its token migration bridge on June 13, 2025, resulting in approximately 45,000 holders not being able to convert ethDYDX tokens worth more than $25 million into native dYdX chains. The closure was approved in a community vote in December 2024, resulting in 41.6 million tokens being excluded from the total supply and circulating supply, and has been adjusted to 958.3 million and 750.2 million respectively. Affected investors are organizing through governance proposals and Telegram groups to lobby for reopening the migration.