dYdX v3 Frontend Hacked During Crucial Sale Negotiations

dYdX is negotiating to sell its trading software to Wintermute Trading and Selini Capital.

A Targeted Attack: What’s Going Down?

On July 23, dYdX dropped the news on social media. Their v3 platform? Compromised. Users got a big red alert: don’t visit the site or click any links. The hack hit the user interface, sparking serious phishing fears. Smart contracts are safe, but that doesn’t mean all is well.

Sale Talks and Market Impact: Coincidence or Conspiracy?

Now, here’s the problem! Just as the hack news hit, Bloomberg reported that dYdX v3 is up for sale. There were so many players in Crypto who are looking towards this event and among them companies like Wintermute Trading Ltd and Selini Capital are eyeing its trading software. Even though dYdX has moved on to v4 on Cosmos, the old v3 is still a hot commodity because of its high liquidity and low slippage rates.