Compound

DeFi

ZachXBT

Cyber

Billion

Compound Finance’s official website has reportedly been compromised, redirecting users to a recently registered phishing site. The incident raises alarms within the crypto community, highlighting vulnerabilities in decentralized finance platforms. 
Users are strongly advised against visiting the site until security measures are confirmed to be reinstated. The phishing site where the users were redirected is down now to prevent further hacks. 
<a href="https://t.me/investigations/140" target="_blank" rel="noreferrer noopener nofollow">ZachXBT has confirmed</a> this hack through their official telegram channel warning the crypto community. However, Compound Finance has not commented on the incident. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img decoding="async" width="1024" height="656" src="https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1-1024x656.jpg" alt="Compound finance 1 1" class="wp-image-189485" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1-1024x656.jpg 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1-800x512.jpg 800w, https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1-768x492.jpg 768w, https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1-860x551.jpg 860w, https://www.cryptotimes.io/wp-content/uploads/2024/07/Compound-finance-1-1.jpg 1124w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Image Source: ZachXBT telegram&nbsp;
 </figcaption>
 </figure>
</div> 
The potential hijacking underscores the ongoing threats faced by digital asset holders and underscores the critical need for robust security. Experts emphasize vigilance and recommend verifying website authenticity through trusted sources amidst the evolving landscape of online threats. 
The number of victims of this phishing scam is not yet confirmed as the investigation is still going on. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/10/elliptic-exposes-11-billion-huione-guarantees-cyber-scam/" target="_blank" rel="noreferrer noopener">Elliptic Exposes $11 Billion Huione Guarantee’s Cyber Scam&nbsp;</a> 
</blockquote>

Compound Finance Website Hijacked For Phishing Scam

The Crypto Times

Other articles published on Jul 11, 2024

Ethereum Price Set to Rally 50% as Justin Sun Buys $5 Million ETH

Polkadot Decoded 2024: Uniting Innovators in Blockchain Technology (11 Jul)

Bitcoin Prices Defy Inflation Data

Ethereum Maintains Stability Despite Market Fluctuations

Bear or bull: Survey reveals 49% are bullish about crypto

BitcoinBlack deal brings crypto payments to telehealth, prescription drugs

Join our free newsletter for daily crypto updates!