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<ul><li>Frax Finance collaborates with domain registrar Name.com to restore proper DNS settings after the hijacking incident.</li><li>No user funds have been reported stolen in the Frax Finance DNS hijacking event.</li><li>Name.com to conduct a &#34;full investigation&#34; into the circumstances surrounding Frax Finance&#39;s DNS hijacking.</li></ul>Frax Finance, a prominent decentralized finance (DeFi) protocol, <a href="https://x.com/fraxfinance/status/1719589984565641592?s&#61;20" rel="noopener noreferrer nofollow">successfully recovered</a> its domain following a DNS hijacking incident this past Wednesday. The team worked closely with their domain registrar, Name.com, to restore proper DNS settings. Kazemian, a representative of Frax Finance, said in a statement that the team is &#34;in the dark&#34; about the specifics of the incident and that it wasn&#39;t due to a &#34;compromised email or password.&#34;<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cfd17ca1d39f4b799dbbde949a9d3728.png" /><a href="https://cryptotale.org/dns-manipulation-and-defi-balancers-238000-crypto-heist-warning/" rel="noopener noreferrer nofollow">DNS hijacking</a>, a tactic where domain name registrars reroute users to malicious websites, has become increasingly common in the crypto industry. Name.com has informed the Frax team that they will conduct a &#34;full investigation&#34; into the circumstances surrounding <a href="https://x.com/fraxfinance/status/1719497560543658073?s&#61;20" rel="noopener noreferrer nofollow">the hijacking</a>.Frax Finance is a multifaceted DeFi protocol that offers a range of services, including a stablecoin protocol (FRAX), liquid staking on Ethereum (frxETH), lending markets, and decentralized exchanges (DEXs). As of now, no user funds have been reported stolen due to the DNS hijacking incident involving Frax Finance. The project updated its community, stating that the domains are &#34;now routed back to their proper DNS&#34; and that further details will be provided after a &#34;full investigation&#34; by Name.com.Read full article <a href="https://cryptotale.org/frax-finance-regains-domain-control-following-dns-hijacking/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Frax Finance Regains Domain Control Following DNS Hijacking

CryptoTale

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