The interface of decentralized finance giant Compound Finance was compromised the previous Thursday and now hosts a phishing site, the developers said in an X article. Shortly after, the developers of Celer’s blockchain task said that the site had also been attacked by a malicious actor and that it hosted a grueling service.
“We are investigating a possible attack on a DNS domain that appears to affect multiple projects at the same time,” Celer’s developers said in an X article.
The compound(. ) Finance leads to Thursday morning’s “compound-finance. app” in Europe.
Security researcher Michael Lewellen noted that the latter is a tool that will eat up the budget if a user interacts with it. As such, the existing composite protocol is not affected and all existing user repositories are secure.
Compound allows users to deposit, lend, and borrow tokens on the Ethereum blockchain. It has more than $2. 3 billion in assets as of Thursday, making it one of the largest DeFi facilities in the industry.
Phishing attacks involve sending fraudulent communications that appear to come from one source. This is the main fear in the cryptocurrency market, with more than $104 million stolen from unsuspecting users in the first two months of 2024 alone.
Compound’s COMP tokens are little replaced in the last 24 hours, according to information from CoinGecko.
UPDATE (July 11, 12:30 UTC): Updates the name and history with the Celer Network compromise.
This story originally appeared on Coindesk