DNS Domain Attacks Target 'Multiple DeFi Apps'

DNS Domain Attacks Target 'Multiple DeFi Apps'

DeFi apps are under attack from hackers who are targeting their DNS domain names, according to a report by Web3 security firm Blockade. The hackers have reportedly attempted to hack the domains of Compound (COMP) Finance and Celer Network (CELR), but were unsuccessful. However, any DeFi app with a Squarespace domain could be at risk, as the hackers are targeting domain names provided by the platform. Blockade identified the attacks through its X product, which monitors blockchain and DeFi activity for suspicious activity. The firm said that the hackers are using a technique called DNS hijacking, which allows them to redirect traffic from a legitimate website to a malicious one. This can be used to steal user credentials, funds, or both. Both Celer and Compound have since reported that they have mitigated the attempted hacks. Celer said that it has moved its domain to a different provider, while Compound said that it has implemented additional security measures. The attacks highlight the importance of DeFi users being aware of the risks of DNS hijacking and taking steps to protect themselves. Users should only interact with DeFi apps that they trust and should be wary of clicking on links from unknown sources. This is a developing story, and we will continue to provide updates as they become available. ---