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It has come to light that the management of DEX dYdX is contemplating the sale of the third iteration of its trading protocol, coinciding with a hacking incident that occurred just hours prior to the dYdX v3 site being compromised.
DEX dYdX is evaluating the possibility of selling a portion of its derivatives trading software to Wintermute Trading and Selini Capital. This information was reported by Bloomberg, citing informed sources. The focus is on the potential sale of the third version of the dYdX trading protocol.
Simultaneously with the emergence of news regarding the deal, the dYdX v3 site experienced a security breach, as confirmed by representatives of the project. The attack specifically targeted the dydx.exchange domain, which hosted the third version of the protocol. Users were advised to refrain from visiting the site and to avoid clicking on any links.
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The attack was limited to the dYdX v3 site. The fourth version, located on the dydx.trade domain, remained unaffected. Additionally, the smart contracts associated with the third version of the protocol were not compromised. The attackers only gained access to the site’s user interface, ensuring that user funds within the protocol stayed secure. The primary risk was associated with the site interface, as the attacker could temporarily seize control of the protocol’s domain name due to a DNS attack.
It took approximately one hour to mitigate the effects of the attack. After another hour, representatives from the dYdX Trading Group announced they were “exploring strategic alternatives related to the v3 technology.” While no specific decisions were disclosed, it was noted that DYDX token holders would ultimately make the final decision through a voting process. Despite the achievements of dYdX v3, the project team intends to concentrate on the development of dYdX Chain.
There is no concrete information linking the attack on the trading protocol site to the proposed sale. Nevertheless, members of the community expressed discontent regarding the potential sale.
Attackers have significantly broadened their tactics for illicitly obtaining funds from cryptocurrency users. For instance, the email account of the Ethereum Foundation was recently compromised and utilized for a phishing scheme, although no losses were reported. A more notable recent incident involved the hacking of the crypto exchange WazirX, which led to the theft of approximately $235 million in digital assets.
Сообщение dYdX v3 Hacked Amid Rumors of Protocol Sale появились сначала на CoinsPaid Media.
