PANews reported on October 10 that according to official news, dYdX founder Antonio Juliano announced that he has returned to the position of CEO and will enter the founder mode to run the company personally. Previously, Juliano announced his resignation as dYdX CEO in May.

Juliano elaborated on the need for his return: “dYdX has had a challenging year. We faced intense competition and a tough market. It was clear to me that we needed to reinvigorate the company or we would decline. I now understand why the leadership needed must come from the founders.”