The domain of decentralized cross-chain protocol Frax Finance was attacked earlier today.
The domain belonging to Frax Finance fell out of the control of the Frax team earlier today. However, users who entered the site saw the exact same interface as Frax’s own interface.
In domain attacks like this, people which looks exactly the same as the original but is actually fake They are directed to a site. In this way, what people use on that site sensitive information handled is being passed.
Sam Kazemian, founder of Frax, said in his statement on the subject: “The current name server belongs to us and Frax’s own user interface is used. But since we have not yet heard from name.com about what caused this problem, we cannot be sure whether it is safe to use frax.finance.” said.
Shortly after detecting the incident, the Frax Finance team published an announcement on social media and warned people. frax.finance And frax.com He warned them not to use their domains.
After a few hours of uncertainty, name.com was contacted and the domains were directed to the correct nameservers announced. Frax Finance team, “They said they would make a statement tomorrow as to what caused this incident, after conducting a full investigation.” said.
Flax Shares (FXS), the governance platform of Frax Finance, has been suspended following the developments in the last few hours, according to CoinGecko data. more than 5% value lost. The token, which has a market value of $427 million, at the time of writing from $5.71 is being traded.