The dYdX Trading team has restored the compromised website of the dydx.exchange trading platform v3.
https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏
Please note that your machine may still be caching the compromised site.
Make sure to clear your cache and restart your browser before connecting to the website.
According to the developers, the attacker seized the v3 domain and deployed a fake website on it to steal funds when connecting wallets. The attack did not affect the basic smart contracts and user funds in them, as well as the v4 platform (dydx.trade).
After the problem became known, Bloomberg reported that the dYdX v3 platform was put up for sale. The buyer is a consortium of crypto market companies, including Wintermute and Selini Capital.
According to Gauntlet, v3 remains popular with traders due to a higher level of liquidity for a number of assets and less slippage in large transactions. VanEck estimates that in 2022, the platform brought in $137 million in commissions. According to DeFi Llama's forecast, this year the figure is $18.67 million.
dYdX Trading stated that they are looking for a "strategic alternative" to v3 technology and are fully committed to the development of the v4 platform launched on its own blockchain.
A message from dYdX Trading Inc. pic.twitter.com/i8jrCfkvge
— dYdX (@dYdX) July 23, 2024"Although v3 has proved successful, we believe that dYdX Chain better reflects our vision and spirit of DeFi, and we will dedicate ourselves to developing this software," the statement said.
Recall that in July, attackers compromised the Compound Finance website through a vulnerability of the Squarespace web hosting. Experts named dYdX among the domains at risk of hacking.