DeFi exchange dYdX is currently in negotiations to sell a portion of its derivatives trading software for an undisclosed amount. This sale involves the v3 software, an earlier version of the dYdX platform, which has been popular among traders due to its high liquidity and low slippage rates for large transactions.

Potential buyers of dYdX include prominent market makers such as Wintermute Trading Ltd. and Selini Capital, according to multiple anonymous sources. Despite the platform’s evolution to v4, which operates on its own blockchain, the v3 version continues to hold substantial value and has attracted significant investor attention.

However, on July 23, the official dYdX social media channels reported multiple compromises on the v3 version. They revealed that the dYdX v3 website had been compromised. This older version of the trading platform is the same one that is currently being considered for sale.

“We just learned that dYdX v3 website (dYdX.exchange) has been compromised,” read the official post.

Since this news broke, the dYdX token has experienced a decline of over 10%. This development has raised concerns among investors and traders who are closely monitoring the situation.

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