- For an undisclosed sum, DeFi exchange dydX is negotiating the sale of a section of its derivatives trading software.
The exchange would be selling its v3 software, which was a prior version of the dYdX platform. Its cheap slippage rates for large transactions and excellent liquidity have drawn traders.
Several anonymous sources claim that well-known market makers Wintermute Trading Ltd. and Selini Capital are among the possible buyers of dYdX. The first to report on these negotiations was Bloomberg.
The v3 version of the platform is still valuable and has attracted a lot of interest from investors, even though it has evolved to v4 with its own blockchain.
Has dYdX been hacked?
However, the official X page for dYdX tweeted on July 23 regarding various comprises on the v3 version.
The post stated, “We recently discovered that the dYdX v3 website (dYdX. exchange) has been compromised.”
The previous version of dYdX’s trading platform, which was just made available for purchase, is the one that may have been compromised.
Since the news broke, the dYdX token has decreased by more than 10%.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
