DeFi Exchange dYdX Negotiating Sale of Derivatives Trading Software
dYdX, a leading DeFi exchange, is in talks to sell a portion of its derivatives trading software, specifically the v3 version of its platform. Known for its high liquidity and low slippage rates, this software has caught the attention of potential buyers like Wintermute Trading Ltd. and Selini Capital, as reported by Bloomberg. Despite the release of the v4 version on its own blockchain, the v3 software remains valuable and is generating significant investor interest.
dYdX Security Concerns Arise with Compromised v3 Website
Recent reports suggest that the v3 website of dYdX has experienced compromises, raising security concerns among users. The hacked version of the platform, which coincides with the proposed sale of its software, has led to a decline in the dYdX token price. Further investigation and actions are likely needed to address these vulnerabilities and reassure users of the platform’s safety.
