Decentralized protocols and systems, by definition, need other forms of organization and trustless governance. The concept of a DAO was proposed by Dan Larimer, founder of such companies as BitShares, Steemit, and EOS. The concept was also described by Ethereum co-founder Vitalik Buterin. In 2016 the first decentralized organization for investment management, known as “The DAO,” was launched on the Ethereum network.

A DAO is a form of organization in which management decisions are made and carried out through interaction with smart contracts and automatic compliance with pre-designed rules. The key feature of this approach is that decisions on community development and capital management are made by all participants. Voting and decision-making are done with governance tokens, with which users can influence the development of the community.

The incentive for each participant in the community to move towards a common goal lies in the reward for participation in the development of the organization. A DAO implies the absence of a single leader, and instead, through a multitude of proactive participants united by a common goal. They form working groups within such organizations to develop solutions and suggest improvements.

Smart contracts make it possible to achieve independence from political and financial institutions through the independent management and distribution of capital, which in turn offers a completely different approach to social and economic interaction between participants and companies. Decisions about further actions and events are made by all participants in the community on the basis of proposals and voting.

The voting process can vary from platform to platform. For example, due to the high gas fees on the Ethereum network, many communities have adapted and solved the problem by moving the voting process to social media or using tools like  Snapshot.

The ecosystem of decentralized communities is just beginning to evolve, but large-scale solutions are already operational in the field. DAOs can be categorized according to the goals and objectives they are aiming to achieve and their value proposition:

DAO Operating Systems – frameworks and tools for running DAOs

Grants DAOs – solutions for managing and distributing raised funds

Protocol DAOs – solutions for managing the network and issuing management tokens

Investment DAOs – investment and revenue generation protocols

Service DAOs – protocols that connect participants by interests, skills, and talents

Social DAOs – platforms focused on achieving social values and building communities of like-minded people

Collector DAOs – platforms uniting NFT fans

Media DAOs – platforms for content creation and information sharing

According to Dove Metrics’ analysis, DAOs attracted more than $41 million in the third quarter of 2021, up 174% compared to Q2. Additionally,  according to DeepDAO, DAOs boast about $11 billion under management and about 1.2 million community members and token holders. The leader among the platforms is Uniswap DAO, which is valued at almost $4.5 billion.

Recent examples of DAO launches and the distribution of service tokens to early users have fueled interest among members in using platforms and protocols in pursuit of project tokens. As the DeFi space expands and the number of platforms grows, so will the demand for creating and organizing decentralized communities for distributed and more efficient management and development.

Despite the features and capabilities of such communities, there are a number of challenges today that need to be addressed if the new concept of conducting group affairs and achieving shared goals is to be widely adopted. One key criteria for the adoption of DAOs is the security of smart contracts.

It’s worth noting that it was an error in the smart contract code that led to the theft of over $60 million from The DAO Foundation’s Ethereum wallets. Subsequently, a blockchain hard fork took place, which led to the chain split, creating two separate chains – Ethereum and Ethereum Classic, with Ethereum Classic refusing to roll back the blockchain and undo the theft.

Another elephant in the room is illusory decentralization. An example of its manifestation can be seen in the Venus protocol events, where an anonymous group of token owners tried to raid the protocol by voting and bribing the other participants. They promised to give away a part of tokens to anyone who voted for a proposal that carried economic risks for the protocol. At the end of the day, the developers canceled the voting process, and were required to sacrifice certain functions in the smart contract, for which they were accused of dictatorship and violation of the principles of decentralization.

It is also worth noting that, more often than not, the rules in smart contracts that govern a protocol can only be changed through voting and consensus. If hacked, it can take a fair amount of time to fix the underlying code.

As of 2023, DAOs (Decentralized Autonomous Organizations) signify an essential evolution in the realm of decentralized finance (DeFi) and the broader blockchain ecosystem. Conceptualized by industry stalwarts like Dan Larimer and Vitalik Buterin, DAOs represent a revolutionary means of organizing and governing communities, bypassing traditional centralized leadership and relying instead on collective decision-making.

One of the most compelling aspects of DAOs is their core operational mechanism: smart contracts. These contracts automate actions and ensure adherence to pre-established rules, circumventing human biases and potential for error. These contracts also furnish a profound shift from traditional organizational hierarchies to a more democratized setup where each member has a say in community decisions, through voting facilitated by governance tokens. Furthermore, this new organizational structure inspires participants to work collectively towards common objectives, as they are incentivized by rewards for their proactive contributions.

The utility of DAOs isn't limited to one facet. They cater to various niches from investment and service to media and social. Their ability to rally communities, manage vast resources, and align diverse stakeholders towards shared aspirations is evidenced by their impressive growth statistics. To illustrate, by 2021, DAOs were managing around $11 billion, with platforms like Uniswap DAO at the forefront, bearing a valuation nearing $4.5 billion.

However, as with any nascent technology, DAOs come with their unique challenges. The security of smart contracts remains paramount. The unfortunate incident involving The DAO Foundation, which resulted in a $60 million theft due to a smart contract error, is a stark reminder of the potential vulnerabilities in the system. The subsequent splitting of Ethereum into Ethereum and Ethereum Classic highlighted the drastic measures sometimes necessary to rectify such issues. Additionally, the illusion of decentralization, as observed in events like the Venus protocol incident, raises concerns about the system's integrity and the possibility of it being compromised by malicious actors.

A critical observation is that while DAOs promise true decentralization, some challenges and events suggest that the journey to achieve this vision isn't without bumps. There will always be a tension between the pure ideals of decentralization and the real-world challenges that arise, requiring some level of centralized intervention, as seen in the case of the Venus protocol.

In sum, as we stand in 2023, DAOs hold immense promise as the next big thing in DeFi and perhaps a significant reshaping force for the world's organizational structures. Their advantages in democratizing decision-making, fostering global collaboration, and decentralizing power structures are clear. However, the road ahead demands attention to the teething issues around security, true decentralization, and user education. The potential is vast, but so is the responsibility to ensure that this decentralized dream doesn't become a victim of its own ambition. The continuous evolution of DAOs will be instrumental in defining the next chapter of digital, decentralized organization and governance.

By 2023, DAOs are revolutionizing DeFi governance through smart contracts. However, they grapple with security and true decentralization challenges. Their evolution is pivotal for blockchain's future.

Are DAOs the future of DeFi? 2023

Decentralized autonomous organizations — or DAOs — are becoming a major trend in the DeFi space. The new economic relationships...

Are DAOs the future of DeFi?

Decentralized autonomous organizations — or DAOs — are becoming a major trend in the DeFi space. The new economic relationships between people allow everyone to become part of a company, platform, or protocol and vote on decisions regarding the future actions of the whole community.
In today’s article, we’ll talk about what a decentralized approach to relationships and governance can offer, its features and drawbacks, and provide examples of where blockchain-based decentralization can lead.

OKX is running a team-based tournament to coincide with that other World Cup, and you’re invited! The total prize pool is split into 3 parts: Team PnL%, Individual PnL%, and Individual profit. Depending on the number of invitees, the team leader can receive additional popularity rewards and the team members can receive additional referral rewards. 

New users can qualify for rewards that will be unlocked based on the deposit amount and trading volume. Additionally, World Cup quizzes will be held where correct answers can boost your results up to 2x your profit. 

Correct quiz answers also qualify you to potentially win an OKX Football NFT for the corresponding team. 

November 16th through November 28th for general registration. 

November 29th through December 13th for registration via invite link. 

Team Leader application: November 15th through November 29th

Competition period: November 29th through December 19th

Rewards distribution: December 19th through January 1st

Read full details of the contest from OKX: https://www.okx.com/wccompetition

All time periods are UTC+8

60% of the prize pool will be divided among the top 10 teams

The winning team leader will receive 20% of the team prize

Top 10 members of the team with the highest PnL% that meets volume threshold will share 30%

Remaining members who meet the trading volume threshold will share 50%

20% of the total prize pool will be divided among the top 10 participants, regardless of team performance based on the profitability of the user’s USDT+USDC perpetual contracts

20% of the total prize pool will be divided among the top 10 participants based on the PnL of the users’s USDT+USDC perpetual contracts

The top 5 PnL% leaders on the 3Commas team will win a one year subscription of 3Commas Pro as well as 3Commas merch

Users must join a team before competition begins or they will be assigned a team at random if they don’t have an invitation link from a team

During the registration period before the contest begins, users can switch teams, but will not be allowed to withdraw from a team after the competition begins

Team leaders can dissolve a team and join another team during registration but cannot dissolve a team once the contest starts

After the competition has begun, new registrants can only sign up or join a team through the invitation link



Asset Criteria and Trading Volume Threshold

Asset Criteria: At the start of the Competition, each user must have total assets in their account >= 100 USD. This total pool of funds will be used to calculate the prize pool amount. 

After the competition begins, the user must have a trading account with USDT+USDC equity >= 100, which will be used to calculate individual PnL%.

Trading volume threshold: During the competition period the user must trade >= 30,000 USDT of USDT+USDC perpetual futures contracts. This data will be used to calculate individual and team PnL%. If the trading volume does not pass the threshold, the result will be deemed invalid and not be accounted for in the ranking. 

All USDT and USDC perpetual futures contracts on OKX

Users can win additional reward multipliers by guessing the winners and losers of World Cup matches in Qatar. Every match will have different multipliers, and users who guess correctly can get up to 2x. The reward multiplier will be used for the calculation of PnL% and PnL towards the team and individual scores. OKX will not be doubling a user’s real funds. 


Start finding your teammates now in the 3Commas community on Telegram!

Free 3Commas signals: https://app.3commas.io/marketplace

How to connect OKX Futures: https://help.3commas.io/en/articles/3109057-okx-how-to-create-api-keys-for-spot-and-futures

Sign up for a team and test your Futures trading strategies against the best in the world with a $2,000,000 prize pool! 

Join the OKX World Cup Futures Team Trading Tournament!

Sign up for a team and test your Futures trading strategies against the best in the world with a prize pool up to $2,000,000!  

We’d like to address some frequently asked questions and concerns raised from users affected by the attack on exchange APIs. If you haven't heard about it, a number of users of Binance, OKX, FTX and some other exchanges have experienced unauthorized trades initiated via API keys. 

Please note, that we cannot respond with specific details for individual cases as the answers will not be applicable to every user or the exchange account affected by this issue. We are not trying to be vague, but each case is truly unique. There is no single commonality that unites every individual affected other than the unauthorized trading activity. 

We’d also like to take a moment to empathize with every person that has been impacted by this issue; it has caused financial harm not only to those affected but also damage to our trading community. 

Update December 11th: individuals on Twitter and YouTube are circulating fake screenshots claiming 3Commas employees stole API keys. These are baseless accusations. Here's a blog post showing proof from our side. 


Questions regarding the timing of the attacks on affected exchange accounts

With regards to the timing of the attacks, we can only speculate about this as  only the perpetrators know. It is possible that API details were gathered over an extended period of time and then the perpetrators waited for the market to slow down and provide a window where many trading pairs were illiquid and easier to manipulate. 

If the perpetrators are part of a sophisticated criminal organization, then it is  probable that they were extremely patient until they felt they had gathered enough API keys and for the most opportune time to strike.

This is why it is vitally important that affected users file a Police report with their local Police service or Cybercrime units. The faster this is done, the faster exchanges can freeze the accounts of the perpetrators to stop funds from being withdrawn and increase the likelihood that some, or all, of the funds may be returned to victims.

Additionally, exchanges in most cases require KYC to trade or withdraw funds, therefore the perpetrators’ identity details are available from the exchange for the Police to follow up during their investigation.

The longer the delay in the creation of a Police report, the more time the perpetrators have to withdraw the funds and disappear. 

3Commas hopes that law enforcement authorities will be able to provide us with a more comprehensive analysis based on information that only exchanges can provide about the attackers. Only they have the resources necessary to track the full network of criminal activities. 

Why did 3Commas ask so many questions to users affected by this issue?

We wanted to  gather information from affected users to determine if there were any details that affected users had in common. A more detailed explanation of all the questions we asked affected users can be found later in this article.

We tried to ascertain if a pattern could be established so we could share it with our exchange partners, law enforcement authorities, and potentially take proactive steps to protect other users at risk.

Unfortunately the information gathered did not show any pattern or link between the reported cases.

We asked users for examples of the ClientOrderID numbers from unauthorized trades for 2 purposes:

To confirm if the orders were placed via the 3Commas platform

To verify the integrity of the 3Commas databases (if orders were placed via 3Commas, then the perpetrator may have deleted logs etc.)

3Commas stands by previous statements that, to the best of our knowledge, there has been no breach of security encryption mechanisms or databases. 

Furthermore, if a breach had occurred then all API keys would be compromised, including all linked accounts from individual users. The large number of high net-worth individuals using 3Commas who haven’t been affected, despite being ideal targets, is a further indication that it wasn’t a vulnerability in our system.  

We’ve received many questions from affected users that claim the attack could not have been due to phishing and therefore must have been due to a “hack”. 

The term phishing was initially created to refer to fraudulent emails sent to trick users into visiting malicious websites that often imitated legitimate businesses, like PayPal, and attempted to steal user log-in credentials. 

Over time, phishing has evolved to incorporate new attack vectors, such as paying to advertise imitation websites high in search engine rankings or to incorporate malware as part of the attack. Also, phishing has been known to target specific groups of people, high net-worth individuals or even companies (known as “Spear phishing” or “Whale phishing”), more information on the various forms of phishing can be found here: https://www.phishing.org/phishing-techniques

Also, we have hard evidence that phishing was at least in some part a contributory factor; we published a blog article here showing many fake 3Commas websites that were created and some are still live on the internet, despite our best efforts to have them taken down:

https://3commas.io/blog/response-to-false-rumors-api-leaks

Several users have asked 3Commas to prove how they were phished or compromised. We are simply communicating what the current evidence is telling us is the most likely source of the attack. If you want to know for sure, then you must file a police report, because law enforcement, particular the national agencies, have cybercrime units that may be able to recover forensic information that only they can legally obtain.  



With any financial crime, the truth is found by following where the money went. This is where contacting the exchange where unauthorized trades took place is critical. They will have the transaction record showing where the money was moved. Most importantly, they can share that information with law enforcement. 

For example, if malware was used to gather API details from users some time ago, then only a Police investigation of each user’s ISP logs may reveal an internet address or pattern in  common across those affected.

“I want evidence 3Commas hasn’t been compromised”

In this document, we’re detailing all the steps we’ve taken to verify that the keys weren’t leaked from any 3Commas database or service. Please keep reading and you’ll see what we’ve done from our end.  

There are also a number of unexplained factors that are outside of our control:

We have reports from people who never connected exchange accounts to 3Commas and yet experienced unauthorized trading activity.

Some of the most vocal users on Twitter have been attacking 3Commas saying they had not stored the API keys/secrets elsewhere, which we know to be untrue.

Many users affected by the issue have yet to file a report with their local Police service when this should have been one of the very first steps taken if an account was suspected to have been compromised.

We also noticed that several people affected by this issue were managing funds on behalf of their clients; in order to do this, the client would need to provide API keys/secrets for their accounts. How were these highly sensitive details transmitted? This alone is a huge security vulnerability.

Additionally, it would be poor security practice to fully  publish our platform’s architecture and encryption mechanisms as it would place our users at risk.




Detailed timeline and information on our investigation

3Commas is the largest bot and trading tools platform, as such our platform generates a huge amount of log information, which takes a lot of time and resources to investigate. 

We appreciate that many users wanted to see a detailed breakdown of events and actions our team have performed and we left no stone unturned and investigated every aspect of 3Commas security and systems.

The information below is a detailed timeline of events, which many users have asked for.

Starting on the 20th of October, our support team started receiving requests from 2 users regarding suspicious activities on their accounts. 

On the 21st of October, the support team escalated the suspicious activity to our technical team. It was found that multiple malicious orders had been placed on the exchange accounts in order to drain the user’s balance with counter-trades, exploiting the user’s funds so the malicious actor could profit. 

For example, the majority of exchange account API keys that we found on the malicious users’ 3Commas accounts were from Binance and had never been added to 3Commas before. The second largest amount of exchange account API keys were for FTX.

A significant number of keys were never connected to, or used with, 3Commas. This strongly corroborates our understanding that almost certainly the attacks were not the result of a database leak. Moreover, the attack suggests that the selection of victims was random, without targeting the highest or lowest deposits on the exchange accounts, for example. 

At this point in the technical investigation, it does not suggest that our systems were compromised.

The “secret” part of exchange API keys never leave our database in a decrypted format. It is never transferred to a user, is not shown in any administrative tool, and can’t be accessed via the 3Commas Developer API by design. If someone could access the database and source code, they would not be able to decrypt the API “secret” keys because it would require a further encryption key that is securely stored within AWS infrastructure. It is accessed by the 3Commas backend when sending requests to exchange accounts on the user’s behalf, such as placing an order for a bot deal.

During our internal investigation, we conducted research in the following directions: 

We use Okta to provide access to our internal tools. We’ve checked IP addresses linked to malicious accounts against Okta and other internal audit logs. Whenever an employee accesses our internal systems, information is logged, including IP address. We have cross-checked the logs regarding employees' access and have found no match.

Carefully reviewed all code for 3Commas that would have access to or interface with the encryption keys.  

Even though we already have strong access controls in place, we proceeded to go even further and conducted a manual review of security and access rights:

Reviewed who has access to our analytics (including Google Analytics, Intercom, Amplitude, and others)

Reviewed who has access to our administrative tools (which our support team uses to assist customers with their support requests, for example) and additionally, to test if there was any possible way to retrieve exchange API “secret” keys using this interface

Reviewed who has access to our infrastructure cluster and our AWS account

Checked that our internal services are not available without an authorised corporate VPN

Checked who has access to our corporate VPN

Checked who has access to our Slack, G-Suite documents and other communication channels (email, JIRA etc.)

We’ve also hired an external security consultant to help us with this investigation.

After conducting the review, we were able to confirm the access controls in place are working as intended. 

On 26th October, we finalized compiling the list of malicious 3Commas user accounts that were used to perform this attack. 

We checked the IP addresses used for logging into the malicious 3Commas accounts. Among “VPN” IP addresses, we identified a high number of Russian addresses connected to a variety of Russian cities. 

The first phase of attacks described above mainly happened on FTX. We were in direct communication with FTX up until the recent news regarding their bankruptcy.

After analysis from both sides was completed, 3Commas and FTX came to the conclusion that it was most likely the result of a phishing case. Many of the impacted keys that FTX had identified were never connected or used on 3Commas. 

In cooperation with FTX, it was decided that for the sake of user security, FTX should disable all compromised API keys on their side, and 3Commas should temporarily disable adding FTX keys to the platform.

Also, the 3Commas engineering team has taken additional measures to prevent such attacks from happening in the future. As described above, we’ve disallowed the ability to connect the same exchange API and secret key to multiple 3Commas user accounts.


The second phase of attacks were notably different than the first

On the 31st of October, we received a message from Binance asking for urgent communication regarding abnormal activity on some Binance user accounts: multiple malicious buy and sell orders for the same trading pair were detected.

During the 1st and 3rd of November, we received escalations from our customer support team regarding multiple reports about users seeing abnormal activity on their accounts. 

However, the abnormal activity described by affected users was different from the earlier FTX cases, and the vector of attack changed. The abnormal activity described was a result of orders that were NOT created or sent by 3Commas, but by another 3rd party which is still unknown to us. 

”Phase 2” of the attack was happening outside of the 3Commas infrastructure, so our support team requested that affected users provide the following information to help try and understand the situation and whether a pattern could be detected:

Provide us with the ClientOrderIDs of some unauthorized trades from the exchange’s support team and just a 1-page screengrab of some orders that you suspect are unauthorized 

Please provide the first 10-15 symbols of the public API key which you think was compromised and a screenshot of your exchange API key page.

Where and how do you store your passwords and API keys/secrets?

Do you ever use a search engine to find the 3Commas log-in page? If so, which search engine do you use?

What browser and computer do you use? (Name, version)

What extensions or apps are installed for your browser?

What services or applications have you added (or connected) to your exchange API keys?

On our side, for each case, we’ve checked whether there was any abnormal activity on the 3Commas side, for example, unauthorized trades or suspicious log-ins. During “Phase 2”, there were no such cases.

We also made a further review of our codebase. Validated that no SDKs were changed since our previous review. We also reviewed all the changes made in our codebase during the period between incidents and validated that no changes which could lead to sending exchange account API “secret” key related data to any 3rd parties were made. 

3Commas has almost 1 million active API keys in its database. Less than 0.02% of keys were impacted. As of now, 40% of users who initially contacted 3Commas about this attack have been unwilling to cooperate with 3Commas and can not be confirmed as victims. At least 2 cases were confirmed as never having been users of 3Commas in any way, and 2 users also reported one of their exchange accounts was compromised but it had never been connected to a 3Commas account. 

As we lack information from 3rd parties, as well as from competitors, we cannot affirm with certainty the proportion of 3Commas clients that were targeted compared to overall attacks happening throughout the crypto space.

The mechanism of connecting the exchange to 3Commas or any other 3rd party using API keys involves copying the API key/secret pair from the exchange’s webpage. At this point, the most likely scenario is that a malware that has access to a clipboard could grab those keys. Also, any browser extension can access the content of web pages opened by a user and gather this information, too. 

However, we proactively decided to optimize our security even further. Currently, we are working on migrating all our clients’ exchange credentials to a separate service called Sign Center. This is secure storage in a separate and isolated infrastructure environment, with an increased auditing schedule. API “secret” keys are stored encrypted in this service and never leave it. API “secret” keys will be encrypted by an asynchronous cryptography algorithm from the moment that they are submitted in the 3Commas user interface. 

The main feature about this algorithm is that keys are encrypted with a public key, and can only be decrypted with a private key. In practice, this means that API keys will be transported 100% securely on all stages until they arrive at the heavily protected secure environment of Sign Center and can be decrypted only there.

We’ve also been working with our partner exchanges to roll-out Fast Connect and hope to offer this for all supported exchanges in the near future.

Considering all the facts we've laid out here, combined with the information gathered from investigating each individual case, all evidence leads to the conclusion that the attacks were not a result of a leak of user data from a 3Commas database.

At this time, we have exhausted further avenues to investigate within 3Commas and we strongly recommend that any user affected by this issue create a report with their local Police service or Cybercrime unit.

Our team is ready and waiting to cooperate with users, exchanges and the Estonian Police Service to assist with ongoing investigations to catch the perpetrators.

Continuing working with exchanges to provide additional and more secure, exchange connection options, such as Fast Connect

Disable old and inactive exchange API connections more than 90 days old

Contact individual exchanges to provide the Public API keys for the disabled connections so they may be deleted on the exchange side to ensure the safety of our users

We strongly encourage affected users to contact the exchange where unauthorized trades took place and ask for details about the malicious accounts so that they can pass as much information to law enforcement as possible. The more information law enforcement has, the better their chances of discovering commonality and the source of the attacks. This will give them the best chance of catching the bad actors. 

We also recommend that all users review their exchange API keys.

Delete API keys that you no longer use directly on the exchange website, do not leave them active.

If you have not updated your API keys recently, then consider making this part of your security process to regenerate new API keys every 90 days or so - it is now easier than ever before to update the API keys for your exchange accounts linked to 3Commas.

If the “Fast Connect” method is available for your exchange account, then please use this option as it is more secure than copying and pasting standard API keys.

Finally, we urge all our users to frequently check all their browser extensions, security updates, etc. Use 2FA for every service that offers it. Above all, make sure you’re following best practices for security hygiene. 

Response to frequent questions from our Twitter community

Update on investigation into API keys and attacks on exchanges

Get full access to all 3Commas trading tools with free trial period

New to crypto? This guide walks you through everything you need to start trading with confidence, from understanding how markets work and how prices are set, to reading charts, picking an exchange, and building your first trading plan.

Security | 3Commas Blog

Crypto trading basics |  3Commas Blog

Educational | 3Commas Blog

Tools | 3Commas Blog

Beginner Guide | 3Commas Blog

Analytics | 3Commas Blog

Explore the defi technical analysis for a deeper dive into cryptocurrency and blockchain topics in our 3Commas Blog.

Technical Analysis Category | 3Commas Blog

Explore the defi trading for a deeper dive into cryptocurrency and blockchain topics in our 3Commas Blog.

Trading Category | 3Commas Blog

Explore the cryptocurrency category for a deeper dive into trading and blockchain topics in our 3Commas Blog.

Blockchain Category | 3Commas Blog

Explore the defi category for a deeper dive into trading and blockchain topics in our 3Commas Blog.

Defi Category | 3Commas Blog

Guides | 3Commas Blog

Company News | 3Commas Blog

Opinion | 3Commas Blog

Price Predictions | 3Commas Blog

Market News | 3Commas Blog

News | 3Commas Blog

Trading cases | 3Commas Blog

Practical Guides | 3Commas Blog

Exchanges | 3Commas Blog

Trading signals | 3Commas Blog

Cryptocurrency | 3Commas Blog

Crypto bots | 3Commas Blog

Other | 3Commas Blog

Copyright 3Commas.io - A cryptocurrency trade management platform offering DCA bots, Grid bots, Options bots, Futures, bots, HODL bots, Scalper Terminal, and full Portfolio management all from a single convenient interface.

Since becoming aware of the suspicious activities taking place, we immediately launched an internal investigation. We will continue with the investigation in the light of the new information and also notify law enforcement authorities accordingly. Furthermore, we have and will continue to optimise and enhance the security measures, taking into account new information we have received, by now we have requested exchanges to revoke all keys that were connected to 3Commas.

We strongly recommend every user to reissue an API key they have currently connected to an exchange.

As our investigation continues, we will update you as appropriate. We truly appreciate your patience and understanding at this time. Should you have any questions please contact 3Commas support