It is stated that on the morning of November one, the Frax Finance homepage was attacked by DNS and that the venture contained the hottest suggestions for consumers.
Frax Finance was attacked by DNS spoofing. Photo: Il Blocco
Information about the Frax Finance problem was shared by founder Sam Kazemian and the project’s official X account.
— Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) October 31, 2023
In the tweet over, the venture suggests consumers not to presently use Frax Finance solutions. At the very same time, this founder also experimented with to get hold of the domain identify support supplier Name dot com.
Preliminary data suggests that the project’s domain identify was most likely stolen and this was a type of DNS impersonation assault.
Currently, the venture has not nevertheless supplied in depth updates on the incident or injury, just asking consumers not to use the solution until finally the hottest announcement.
The rate of Frax’s FXS token did not have a great deal response due to the information that the venture had been attacked by DNS, but prior to that, on the evening of October 31, it underwent a slight adjustment.
1h chart of the FXS/USDT pair on Binance at 09:50 on November one, 2023
DNS spoofing attacks are nothing at all new to the DeFi industry. Names that have been victims of this type in the previous incorporate Balancer, Curve Finance, Ankr or Celer Network.
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