Compound Security Breach Has Now Been Fixed
Key Points:
Read more: Hundred Finance Warns Compound V2 Users After Hack
Users are urged to ensure they are visiting the correct website by checking the URLs: “compound.finance,” “app.compound.finance,” or “compoundlabs.xyz.” Any deviation from these URLs may lead to a fraudulent site.
The incident, confirmed by Michael Lewellen, the Compound’s Security Advisor, involved a sophisticated phishing attack where the legitimate site was replaced with a malicious counterpart. Despite the Compound security breach, its smart contract funds remain secure.
Security experts like ZachXBT and members of the Compound Finance team have cautioned users against interacting with the compromised site to avoid potential data and asset losses.
Compound Finance, a prominent decentralized finance (DeFi) platform allowing token deposits, lending, and borrowing on the Ethereum blockchain, manages nearly $3 billion in assets. This incident underscores ongoing security challenges within the DeFi sector.
Meanwhile, similar attacks have affected other blockchain projects, including Celer Network with broader concerns about web infrastructure vulnerabilities. Celery Urges users not to visit Celer.network and cbridge.Celer.network while they are investigating a potential DNS domain attack. Experts suspect the Compound security breach and other attacks may be linked to vulnerabilities at Squarespace, the registrar handling these projects’ domains.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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