Frax

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 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a> 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 https://t.co/cADe5RLjqv and https://t.co/AcTF8hlzaS <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a>s until further notice. <br><br>If you know anyone at @namedotcom please reach out asap. https://t.co/v0KlM5FoLk</p>— Frax Finance (¤, ¤) (@fraxfinance) October 31, 2023
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 <p>The project team later reported that they had brought the <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a> back under control thanks to their <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a> registry.</p>
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">https://t.co/gnEI5kjDki has reached out &amp; confirmed https://t.co/cADe5RLjqv &amp; https://t.co/AcTF8hlzaS <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a>s 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 https://t.co/h1eE11P5wZ</p>— Frax Finance (¤, ¤) (@fraxfinance) November 1, 2023
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 <p>Domain Name System (DNS) hijacking occurs when a <a rel="noopener noreferrer nofollow" title="domain" href="https://thebittimes.com/tag/domain.html">domain</a> name registrar redirects users to a malicious site that looks exactly like a legitimate one to trick users into giving up their credentials.</p>
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 <p>This type of attack is becoming increasingly common in cryptocurrency. Last year, an attacker took over the defi 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 lost $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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hackers-hijack-frax-finance-dns-domain-tbt68662.html">https://thebittimes.com/hackers-hijack-frax-finance-dns-domain-tbt68662.html</a></p>

Hackers hijack Frax Finance DNS domain

TheBitTimes

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