Other DeFi platforms at risk

Hackers targeted the websites of prominent decentralized finance players (Challenge) Celer and Compound Finance platforms.

These breaches have alarmed the DeFi community, prompting warnings about potential risks for other major platforms.

Cybersecurity alert: DeFi giants Celer and Compound attacked

Compound Labs, the team behind Compound Finance, recently announcement what is it the website has been compromisedThe team urged users not to visit the website or click on any links until further notice and promised to provide updates as soon as they become available.

About three hours after Compound Labs’ announcement, Celer Network issued a similar warning. It advised its users not to access its official website and gateway website.

The team said it is “currently investigating a potential possibility DNS domain attack This appears to be affecting multiple projects at the same time.” Despite this warning, Celer Network assures that systems and funds are safe.

Learn more: Crypto Security Project: Early Threat Detection Guide

Blockchain security Experts including 0xngmi, the founder of DefiLlama, and Samczsun, a researcher at Paradigm, have given their opinions on the situation. They suspect vulnerabilities in Squarespace, the website registrar, can be linked to violations.

0xngmi pointed out that about 65 other DeFi platform domains connected to Squarespace could be at risk. Big names like Pendle and dYdX are also on the list list. 0xngmi urged the community to avoid these websites on the list for now.

“Consider transferring your domain to one of these sites instead: Cloudflare, AWS Cloud, Route 53, MarkMonitor, or CSCDBS,” Samczsun added.

Learn more: Top 5 Cryptocurrency Security Flaws and How to Avoid Them

These latest incidents illustrate the importance of security in DeFiAffected platforms are expected to provide detailed updates as more information becomes available.

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