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Ethena

<p class="is-style-lead">Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised.</p>
<p>On Sept. 18, bad actors successfully <a href="https://x.com/ethena_labs/status/1836450334329155787" target="_blank" rel="noopener noreferrer nofollow">breached</a> the website of decentralized finance service provider Ethena Labs (<a href="https://crypto.news/price/ethena/" target="_blank" rel="noopener noreferrer nofollow">ENA</a>). The team’s alert explained that only its frontend UI was impacted, and funds were neither at risk nor drained.</p>
<p>As of this writing, attempts by crypto.news to ascertain how hackers accessed the project’s website management console have gone unanswered. Users were advised to avoid links tied to the project and disconnect wallets until further notice.</p>
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   <p lang="en" dir="ltr">The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice.<br><br>The protocol is unaffected and funds are safe.<br><br>Please do not interact with any site or application purporting to be the Ethena frontend.</p>— Ethena Labs (@ethena_labs) <a href="https://twitter.com/ethena_labs/status/1836450334329155787?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 18, 2024</a>
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<p>Ethena is one of the largest synthetic dollar operators in DeFi. Its collateralized, dollar-tied token has a $2.6 billion supply, most of which is issued on Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>), per DefiLlama. However, a new player could challenge the protocol’s market share in the coming months. Crypto market maker DWF Labs said work on its synthetic dollar offering <a rel="noopener noreferrer nofollow" href="https://crypto.news/market-maker-dwf-labs-hints-at-synthetic-stablecoin/">progressed</a> before the design stage.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/expert-consensus-foresees-25bps-cut-and-short-term-volatility/"> Expert consensus foresees 25bps cut and short-term volatility </a></p>
<h2 class="wp-block-heading" id="hackers-target-ethena-and-defi">Hackers target Ethena and DeFi</h2>
<p>Ethena and several other DeFi protocols have been subject to compromises across different layers. In some cases, hackers attacked on-chain endpoints and exploited smart contract bugs to steal funds.</p>
<p>Conversely, bad actors have increasingly targeted web2 services employed by web3 startups. Like Ethena’s domain registrar, criminals also <a rel="noopener noreferrer nofollow" href="https://crypto.news/defi-protocols-compromised-as-many-domains-under-dns-siege/">attacked</a> websites owned by Celer Network and Compound Finance in July.</p>
<p>The most common attack often involves launching phishing campaigns through hijacked X pages. Earlier this month, hackers gained access to social media accounts <a rel="noopener noreferrer nofollow" href="https://crypto.news/near-protocols-x-page-hacked-again/">managed</a> by layer-1 blockchain Near Protocol (<a href="https://crypto.news/price/near-protocol/" target="_blank" rel="noopener noreferrer nofollow">NEAR</a>) and Trump family members, to name a few.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/313m-in-crypto-lost-to-hackers-phishers-august-report/"> $313m in crypto lost to hackers, phishers in August: Report </a></p>

Ethena Labs halts website after frontend hack

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