Key Takeaways:
- dYdX is considering selling its v3 derivatives trading technology, with potential buyers including Wintermute Trading and Selini Capital.
- The protocol’s v3 was compromised on July 23, prompting dYdX to advise users against accessing the site.
- Any sale would need approval from DYDX token holders and wouldn’t involve Ethereum smart contracts.
dYdX, a decentralized exchange, is reportedly considering selling its v3 derivatives trading technology.
Potential buyers include Wintermute Trading, an algorithmic trading firm, and Selini Capital, a digital assets investment firm.
A message from dYdX Trading Inc. pic.twitter.com/i8jrCfkvge
— dYdX (@dYdX) July 23, 2024
The protocol’s v3 was compromised on July 23, leading dYdX to warn users against accessing its site.
The exchange clarified that any sale would require approval from DYDX token holders and would not involve Ethereum smart contracts.
(Bloomberg) — Wintermute Trading and Selini Capital are among the potential buyers of the dYdX v3 software, said two of the people, who asked for anonymity because the talks haven’t been made public.
— Tree News (@News_Of_Alpha) July 23, 2024
dYdX has seen significant leadership changes, with founder Antonio Juliano stepping down and Ivo Crnkovic-Rubsamen taking over as CEO.
The exchange recently launched its v5, introducing new features to improve trading security and efficiency.
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