Specifically, the website for dYdX v3, an older version of its trading platform that averages around $1.5 billion in weekly derivatives trading volume, 'has been compromised,' per a tweet.
The attacker has taken over the v3 domain ( dydx.exchange), and deployed a copy-cat website that when users connect their wallets to it, it asks them to approve via PERMIT2 transaction to steal their most valuable token.
The problem was announced just after Bloomberg reported dYdX v3 is up for sale, with interested buyers including major market maker Wintermute.
Adds that funds on dYdX do not appear to be affected.
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