{"id":33263,"date":"2022-08-12T07:21:54","date_gmt":"2022-08-12T11:21:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33263"},"modified":"2022-08-12T07:21:56","modified_gmt":"2022-08-12T11:21:56","slug":"attackers-hijack-curve-finance-dns-steal-570k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/attackers-hijack-curve-finance-dns-steal-570k\/","title":{"rendered":"Attackers Hijack Curve Finance DNS, Steal $570K"},"content":{"rendered":"\n
Decentralized crypto exchange Curve Finance discovered its DNS was being hijacked in another significant security breach in the cryptocurrency world.<\/h5>\n\n\n\n
\"Attackers
Attackers Hijack Curve Finance DNS, Steal $570K<\/figcaption><\/figure>\n\n\n\n

On the main page, the hackers were able to insert a fraudulent contract that, if accepted by the victim, would entirely empty the user's wallets. The attackers took more than 570K from user wallets on Curve Finance, according to Changpeng Zhao<\/a>, CEO of Binance. Moreover, CZ wrote:<\/p>\n\n\n\n

They use GoDaddy for DNS, which is insecure. No web3 <\/a>projects should use that. Very susceptible to social engineering.<\/p><\/blockquote>\n\n\n\n

After becoming aware of the situation, the platform declared the curve.fi nameserver had been hacked\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The curve.exchange, which uses a different DNS provider, seems to be unaffected, according to the statement.<\/p>\n\n\n\n

The Problem is Fixed and Reversed via Curve Finance<\/h2>\n\n\n\n

The platform also said that it has discovered the problem and fixed it in another tweet. It urged people to cancel any commitments right now.<\/p>\n\n\n\n

One of the most significant initiatives in the market for decentralized finance (DeFi) is Curve Finance. The protocol has more than $6 billion in deposits, according to the DeFi<\/a> Llama website tracker. Since the year's commencement, deposits totaled $24 billion, which represents a decrease. Due to the recent downturn in the cryptocurrency market<\/a>, security attacks have increased.<\/p>\n\n\n\n

Due to the token rewards issuance of the CRV tokens<\/a>, it has been seen as a crucial component of the DeFi ecosystem. The DeFi ecosystem's other protocols may make money off of this as well.<\/p>\n\n\n\n

The Curve DAO Token (CRV) has lost more than 10% of its value over the last day and is now at $1.27 with a $660 million market cap.<\/p>\n","protected":false},"excerpt":{"rendered":"

Decentralized crypto exchange Curve Finance discovered its DNS was being hijacked in another significant security breach in the cryptocurrency world. On the main page, the hackers were able to insert a fraudulent contract that, if accepted by the victim, would entirely empty the user’s wallets. The attackers took more than 570K from user wallets on […]<\/p>\n","protected":false},"author":39,"featured_media":33280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,26],"tags":[5643,326,11067,10866],"class_list":["post-33263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cryptocurrencies","tag-defi-2","tag-binance","tag-curve-finance","tag-dns"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-54.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33263"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/33280"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}