Yesterday, dYdX announced a security breach affecting their dYdX[.]exchange website. The team warned users to avoid visiting the site, clicking any links, withdrawing funds, or interacting with the website in any way.
We just learned that dYdX v3 website (dYdX . exchange) has been compromised.
Please do not visit the website or click any links until further notice. An update will be provided when available.
This message does not relate to dYdX v4.
— dYdX (@dYdX) July 23, 2024
This attack specifically targeted the dYdX v3 website. Despite the breach, the smart contracts on dYdX v3 remained secure, ensuring that the dYdX Chain, dydx.trade, and the v3 Protocol were never compromised.
The smart contracts on dYdX v3 are safe, and are not compromised.
Do not attempt to withdraw any funds or interact with the website dydx . exchange until further update. https://t.co/wtWYDQuyog
— dYdX (@dYdX) July 23, 2024
Approximately four hours after the breach, dYdX Trading Inc. managed to recover the compromised website. However, some users might still encounter warnings from wallet extensions like Metamask and Phantom when attempting to connect to the site. To ensure a safe connection, dYdX advises users to clear their cache and restart their browsers before accessing the website again.
https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. đ
Please note that your machine may still be caching the compromised site.
Make sure to clear your cache and restart your browser before connecting to the website.
— dYdX (@dYdX) July 23, 2024
This incident underscores the importance of vigilance and caution in the rapidly evolving world of cryptocurrency. Users are reminded to stay informed about potential threats and to take appropriate security measures to protect their assets. Despite this setback, dYdX’s prompt response and recovery efforts demonstrate their commitment to maintaining the security and integrity of their platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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