DeFi exchange, dydX, is negotiating the sale of a portion of its derivatives trading software for an undisclosed amount.
The sale would be for the exchange’s v3 software, a previous iteration of the dYdX platform. It has attracted traders due to its high liquidity and low slippage rates for large transactions.
Potential buyers of dYdX include prominent market makers Wintermute Trading Ltd. and Selini Capital, according to multiple anonymous sources. Bloomberg was the first to report these negotiations.
Despite the platform’s evolution to v4 with its own blockchain, the v3 version remains valuable and has garnered much investor attention.
Read more: dYdX founder to step down as CEO, taking chairman role
dYdX hacked?
However, on July 23, the dYdX official X page tweeted about multiple comprises on the v3 version.
“We just learned that dYdX v3 website (dYdX . exchange) has been compromised,” the post read.
RIP DYDX
— APE (@Ape_31) July 23, 2024
The potentially compromised website for dYdX v3 is the older version of its trading platform that was just announced for sale.
The dYdX token has fallen by over 10% since the news broke.
You might also like: dYdX Chain halts block production following network upgrade
