According to CoinCu, the dYdX community has been warned about a suspicious Snapshot with malicious intent. The Snapshot was designed to "skip testnet round 3 and go live with BETA v4." However, the dYdX Foundation has issued a warning against participating in this Snapshot and advised individuals to avoid the Ethereum address responsible for its creation.

Reports have linked the Ethereum address (0xa2…) behind the questionable Snapshot to a phishing scam, raising concerns within the community about potential fraudulent activities. The proposal bypassed the typical channels of community discussion and did not adhere to the established Proposal Lifecycle, leaving the community without any control over the testnet for dYdX v4.

Antonio Juliano, the founder of dYdX, has shared his perspective on the situation, pointing out that inflation within the ecosystem has been significantly reduced, by more than 60%. Juliano expressed optimism that dYdX Chain is on track to become the Layer 1 blockchain most closely aligned with Ethereum in terms of token economic sustainability. However, he emphasized that his view is personal and not binding on the community, with decisions regarding adjustments to the token economic model ultimately resting in the hands of community governance.