Ambient Finance, a DeFi platform, was able to take back control of its website after hackers took over its domain.
Unknown fraudsters have started a series of front-end attacks against decentralized finance protocols, with Ambient banking emerging as the latest victim.
Ambient alerted users of their decentralized exchange on October 17th about a Domain Name System problem with its website.
DNS exploits happen when hackers access a platform’s domain registrar credentials. They frequently do this to steal money and assets by inserting harmful links into the website.
Ambient Finance told users that its on-chain architecture and smart contracts were safe from hackers. To protect user assets, the DEX advised users only to visit the website or sign transactions for further notice.
Ambient Finance declared on X that the issue had been fixed, and its DNS was being fixed two hours after the problem was initially reported. Ambient Finance on X:
We have recovered the domain, and DNS is updating now. Since DNS propagation takes time, users should wait for the all-clear before interacting with the front-end site. Contracts and funds are safe and unaffected”.
Recent months have seen a spike in cyberattacks targeting DeFi and crypto protocols, suggesting that security issues still exist despite the on-chain industry’s expansion.
Balancer, an automated market maker powered by Ethereum, said in September that a social engineering attack had resulted in a front-end problem.
A DNS siege in July cost some DeFi platforms their authority over domain names and web pages. Due to technical difficulties, Ethena Labs had to shut down its website last month temporarily.
On-chain customers kept swarming to blockchain services and cryptocurrency technologies while thieves remained prowling.
As cryptocurrency adoption soars in 2024, DeFi continues to be well-liked, according to research published on October 16 by Andreessen Horowitz.
