Frax Finance Warns Users About Domain Hijacking
Frax Finance, a well-known decentralized cross-chain protocol, is advising its users to refrain from using the frax.finance and frax.com domains until further notice. The founder of the company, Sam Kazemian, is urging caution and emphasizing the need to resolve the domain name issue before resuming normal operations.
Domain Hijacking Incident
In the early hours of Wednesday, Frax Finance’s domain was hijacked. Although the website currently displays the correct nameserver and loads the authentic Frax user interface, it remains unclear how exactly the breach occurred.
“The current nameserver belongs to us, and it is the real Frax UI,” explained Frax founder Sam Kazemian. “However, since we haven’t received any information from name.com, the domain registrar, regarding the root cause of the original issue, we cannot be 100% certain that it’s safe to use frax.finance until the matter is fully resolved.”
Please refrain from using frax.finance and frax.com domains until further notice. If you have any contacts at Name.com, please reach out as soon as possible.
In previous incidents such as this one, where decentralized finance (DeFi) projects faced similar situations with compromised URLs redirecting users to malicious websites, caution was necessary.
Hot Take: Ensuring User Safety Amidst Domain Hijacking
Frax Finance has taken a proactive approach by warning its users about the recent domain hijacking incident. By advising caution and urging users not to use specific domains until further notice, they prioritize user safety and aim to prevent potential risks associated with compromised URLs. It is crucial for companies in the crypto space to promptly address such issues and maintain open communication with their users. By doing so, they can ensure a secure and reliable environment for their users to engage with their platforms.
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