Bloomberg reported that dYdX, the leading perpetual contract DEX, reported that it intended to sell its dYdX V3 software to buyers such as market maker Wintermute. Subsequently, the dYdX V3 website was attacked. Fortunately, no user losses have been reported yet.

dYdX considers selling dYdX V3 software

The report quoted people familiar with the matter as saying that dYdX Trading, the developer behind dYdX, is negotiating with market makers and venture capital companies to sell its V3 protocol.

It is reported that potential buyers include well-known crypto market maker Wintermute and venture capital Selini Capital.

In this regard, dYdX only pointed out in a statement this morning that dYdX is exploring "strategic alternatives" related to V3 technology, which does not include Ethereum smart contracts or other technologies governed by utility tokens, while DYDX token holders are still Voting and approval are required for "any modifications to the V3 smart contract":

Even though the V3 software has been well received, we believe that dYdX Chain better represents the vision of dYdX Trading and the spirit of DeFi, so we will be committed to the development of this software.

Two weeks ago, we claimed there were no vulnerabilities, but now we are under attack

Not long after the news of the potential sale was released, dYdX tweeted that its dYdX V3 website had been attacked, calling on users not to click on suspicious links and emphasizing that it would not affect the operation of dYdX V4:

Currently only the web front-end is compromised, while dYdX V3’s smart contracts are still safe and available.

Ironically, dYdX's tweet just two weeks ago addressed the news that the front-ends of Compound Finance and Celer Network were hacked, claiming that "no vulnerabilities or security issues were detected." Now the webpage is also under attack.

It is reported that dYdX.exchange and the other two agreements are all handed over to Squarespace for domain hosting services. This service was reported to have security risks a few weeks ago.

DeFi observer 0xngmi once named the dYdX.exchange website as having security risks, and the price of dYdX dropped more than 8% in response.

Coingecko data shows that tokens including DYDX, ETHDYDX, STDYDX, etc. all have intraday declines of about 8% to 9%.

In October last year, dYdX launched its own L1 "dYdX Chain v1.0" and also launched the V4 version, completing the transition from Ethereum L2 to Cosmos L1 operation.

(Difference with Uniswap? dYdX Chain v1 version is online, emphasizing that the code is all open source)

Previously, dYdX founder Antonio Juliano resigned as CEO in May this year and was replaced by former chief strategy officer Ivo Crnkovic-Rubsamen.

This article dYdX is rumored to be selling dYdX V3, and market maker Wintermute intends to bid for it. First appeared on Chain News ABMedia.