Security News > 2024 > July > DeFi exchange dYdX v3 website hacked in DNS hijack attack
Decentralized finance crypto exchange dYdX announced on Tuesday that the website for its older v3 trading platform has been compromised.
dYdX also warned users not to visit or interact with the hacked dydx[.
"We just learned that dYdX v3 website has been compromised. Please do not visit the website or click any links until further notice," a new incident report on the official status page reads.
"An update will be provided when available. The smart contracts on v3 are not compromised and any funds currently in dydx v3 are safe."
They also shared that the incident is believed to be linked to a wave of DNS hijacking attacks targeting DeFi crypto platforms using the Squarespace registrar, which is partially confirmed by the v3 website incident report, which links the incident to a DNS issue.
Today's announcement that the dYdX v3 website was hacked came right after Bloomberg reported that DYdX Trading, the company behind the dYdX derivatives trading software, is in talks with multiple buyers to sell its older v3 software.