Why dYdX crashed nearly 8% after leaked sales attempt

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Why dYdX crashed nearly 8% after leaked sales attempt
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The dYdX team reported an attack on its decentralized exchange's (DEX) version 3.0 platform on Tuesday.

dYdX announced that it has recovered its v3 platform after an earlier compromise. Only the platform's user interface was affected, with customer funds still intact. The compromise follows a Bloomberg report alleging that dYdX was considering selling its v3 platform. The dYdX team reported an attack on its decentralized exchange's version 3.0 platform on Tuesday.

This signifies that user funds are still in good condition. However, the exchange made another X post stating that dYdX Trading Inc. had recovered the website, and users could resume using the app. The hack came hours after a Bloomberg report, which suggested that the dYdX team plans to sell off the v3 platform. The team is also alleged to already be in talks with potential buyers.

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