dYdX website compromised following news of sale

DeFi exchange dydX is negotiating the sale of part of its derivatives trading software for an undisclosed amount.

The sale will be for the exchange’s v3 software, a previous iteration of its dYdX platform that attracted traders for its high liquidity and low slippage rates for large trades.

Potential buyers of dYdX include leading market makers Wintermute Trading Ltd. and Selini Capital, according to multiple anonymous sources. Bloomberg was first to report the talks.

Although the platform has evolved into v4 with its own blockchain, the v3 version still maintains its value and attracts great interest from investors.

Has dYdX been hacked?

However, on July 23, the dYdX official X page tweeted that multiple compromises had been made in the v3 release.

“We have learned that the dYdX v3 website (dYdX . exchange) has been compromised,” the post said.

The potentially compromised website for dYdX v3 is an older version of the newly announced trading platform that is now available for sale.

Since the news broke, the dYdX token has fallen by more than 10%.