Frax

<p class="is-style-lead">The domain of the decentralized internet protocol Frax Finance has been captured by attackers.</p> 
<p>The protocol posted the news on X (formerly Twitter) on Nov. 1.</p> 
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   <p lang="en" dir="ltr">Please don’t use <a href="https://t.co/cADe5RLjqv" target="_blank">https://t.co/cADe5RLjqv</a> and <a href="https://t.co/AcTF8hlzaS" target="_blank">https://t.co/AcTF8hlzaS</a> domains until further notice. <br><br>If you know anyone at <a href="https://twitter.com/namedotcom?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@namedotcom</a> please reach out asap. <a href="https://t.co/v0KlM5FoLk" target="_blank">https://t.co/v0KlM5FoLk</a></p>— Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) <a href="https://twitter.com/fraxfinance/status/1719497560543658073?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 31, 2023</a>
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<p>The project team later reported that they had brought the domain back under control thanks to their domain registry.</p> 
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   <p lang="en" dir="ltr"><a href="https://t.co/gnEI5kjDki" target="_blank">https://t.co/gnEI5kjDki</a> has reached out &amp; confirmed <a href="https://t.co/cADe5RLjqv" target="_blank">https://t.co/cADe5RLjqv</a> &amp; <a href="https://t.co/AcTF8hlzaS" target="_blank">https://t.co/AcTF8hlzaS</a> domains are now routed back to their proper nameservers &amp; configuration. We’ve been told they’ll explain what led to the incident after they conduct a full investigation tomorrow <a href="https://t.co/h1eE11P5wZ" target="_blank">https://t.co/h1eE11P5wZ</a></p>— Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) <a href="https://twitter.com/fraxfinance/status/1719589984565641592?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 1, 2023</a>
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<p>Domain Name System (DNS) hijacking occurs when a domain name registrar redirects users to a malicious site that looks exactly like a legitimate one to trick users into giving up their credentials.</p> 
<p> You might also like: <a href="https://crypto.news/openzeppelin-convex-protocol-potential-15-billion-rug-pull/"> OpenZeppelin foils Convex Protocol’s potential $15b rug pull </a> </p> 
<p>This type of attack is becoming increasingly common in cryptocurrency. Last year, an attacker took over the <a href="https://crypto.news/tag/defi/" data-type="link" data-id="https://crypto.news/tag/defi/">defi</a> protocol Convex Finance’s DNS server to invite users to approve malicious smart contracts.</p> 
<p>As a result, Convex Finance&nbsp;had to create new website addresses&nbsp;after its original URLs were hijacked and incorrectly redirected users to malicious sites.</p> 
<p>According to CertiK, in just October, the cryptocurrency industry <a href="https://crypto.news/various-crypto-scams-cost-users-over-32m-in-october/">lost</a> $32.2 million due to scams and security incidents. Many of these incidents were vulnerability exploits, accounting for $22 million of the lost funds. Exit scams and rug pulls accounted for $8 million of the missing funds last month.</p> 
<p> You might also like: <a href="https://crypto.news/new-research-reveals-the-most-common-crypto-scams-in-2023/"> New research reveals the most common crypto scams in 2023 </a> </p>

Hackers hijack Frax Finance DNS domain

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