dYdX has recovered from a hack on its version 3.0 website.
The hack only affected the dYdX v 3.0 website interface.
DYDX halted a recent downward slide after the team arrested the situation.
The dYdX decentralized exchange has recovered from a hack on its version 3.0 platform after information filtered about the team’s plan to sell it to intending buyers. The team warned users on Tuesday to abstain from the v3 website after the compromise but assured them of the safety of its version 4.0 platform.
https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏Please note that your machine may still be caching the compromised site.Make sure to clear your cache and restart your browser before connecting to the website.
— dYdX (@dYdX) July 23, 2024
Meanwhile, the team clarified that the hack affected only the version 3.0 website’s interface, noting that its smart contracts remained intact and unaffected by the incident, ensuring the complete safety of users’ funds. However, the exchange released another update several hours later, announcing it had recovered the website and inviting users to resume using the app.
In the post announcing the website recovery, the dYdX team advised users on managing any remaining issues that might continue to affect their experience on the website. The team noted that users’ devices may still cache the compromised site, causing difficulties while trying to access the platform. The dYdX team advised users to clear their cache and restart their browsers before further attempts at connecting to the website.
DYDX fell 15.43% following the website compromise, ending the recent rally that saw the exchange token reach a $1.520 local high on Tuesday. However, the altcoin has found support after the exchange recovered the website, reassuring users of their safety.
TradingView’s data shows DYDX trading at $1.345 at the time of writing despite the low trading volume recorded by the token. The team’s reassurance seems to have restored confidence among the dYdX community, with users waiting to see how the crypto token will recover from the recent decline.
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