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Bitcoin price fell below $67,000 again and breaking news keeps coming. It is a very eventful day. We first saw a last-minute development regarding the sale of the dYdX platform, and now it has been announced that its internet address has been hacked. These two significant developments caused the price to drop rapidly.
Why is dYdX Dropping?
The popular DeFi platform, which fell below the low level on July 19, announced that its website was hacked. While news about the start of negotiations related to the sale of the platform was being understood, we saw the announcement that the internet domain with the Exchange extension was seized. The team wrote the following shortly before:
“We just saw that our internet address was seized. Please do not visit the website or click any links until the next announcement. We will publish a new announcement here once the issue is resolved.
This warning is not related to dYdX v4.”
With the news, the price dropped to $1.28. The DYDX Token price last found buyers at this low level on July 12. The post shared by the DYDX platform’s Twitter (X) account also whetted the appetite of fraudsters. Many fake accounts under the post are sharing to direct investors to fake addresses, and you should definitely not click on the links in these posts.
