Dydx is faced with security gaps in the course of sales talks and leadership changes
Dydx is faced with security gaps in the course of sales talks and leadership changes
- dydx V3 compromised by a DNS attack; 2 Smart Contracts compromised.
- stock exchange discusses the sale of your derivation business to Wintermute and Selini.
- founder Antonio Juliano has resigned, the management of the company now takes over Ivo Crnkovic-Rubamen.
dydx, a well-known decentralized stock exchange, has to struggle with a significant security violation in connection with your V3 protocol.
On July 23rd it was that an attacker had compromised the official website for dydx v3 by a token-draining program installed that could possibly skim user funds.
On the compromised site, error messages were displayed that resembled the previous phishing fraud attempts. The aim was to tempt users to reveal their wallet information.
what we know about the Dydx hack so far
The team of the stock exchange immediately published a warning on social media and advised the users not to visit the affected site until further notice or to click on the associated links.
Fortunately, the version V4 of the protocol that runs on the Cosmos blockchain remains unaffected and fully functional.The Dydx V3 interface, which is hosted under Dydx.Exchange, was the main goal of this attack. Although dydx earlier Announcement that the Smart Contracts that were not based on the V3 protocol have not been compromised Stocking a further warning issued in which she states that she has identified two abused smart contracts.
https://twitter.com/dytdrx/status/181580930007530378
dydx is considering the sale of his derivation business
This violation comes for Dydx at a turbulent time. The stock exchange is reportedly in discussions about the sale of its derivative trade branch, whereby Wintermute Trading and Selini Capital are an option as potential buyers.
Wintermute Trading based in Great Britain is known for its algorithmic trade in digital assets, while Selini Capital focuses on the management of alternative investments in digital assets.
This step follows the recent departure of Dydx founder Antonio Juliano, who resigned as CEO on May 13th. The company is now managed by IVO Crnkovic-Rubamen, the former strategy chief.
In order to increase the complexity even further, Dydx launched his version V5 in June and introduced new functions such as isolated margins and markets as well as support for Raydium Markets.
These upgrades enable traders to assign collateral to certain business. This reduces cross -trade security risks and provided a special insurance for each tremorial pool.
The Dydx V3 violation underlines a trendy trend in the web3 area, where DNS hijacking attacks occur more and more.
At the beginning of the month, both compound finance and a Celer Network victims of similar attacks in which their websites were redirected to malignant domains, the aim of which was to use user tickets.
While Dydx masters this difficult time, the focus is still on the remedial of the violation. The native token of the stock exchange has already suffered one blow and was 10 % in the minus.
Source: Coinlist.me
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