Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Decentralized Finance Giant Compound Finance's Frontend Compromised, Hosting Phishing Site

CointimeCointime2024/07/11 12:14
By:Cointime

Compound Finance, a decentralized finance platform, has reported that its frontend was hacked and now hosts a phishing site. Phishing attacks are a major concern in the cryptocurrency market, with over $104 million stolen from unsuspecting users in the first two months of 2021 alone. The phishing site leads to a draining tool that will empty funds if a user interacts with it, but the actual Compound protocol remains unaffected and all existing user deposits are safe. Despite the hack, Compound remains one of the biggest DeFi services in the industry, holding over $2.3 billion worth of assets as of Thursday.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

The Scoop: Bad macro, bad flows, bad price

Macro trends took center stage today, driving the market up earlier in the session before pulling it back down.This column is adapted from The Scoop newsletter.

The Block2024/09/05 22:12

Celestia unveils roadmap to 1-gigabyte blocks

Cointelegraph2024/09/05 21:58

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
11314.77%
ROI
Total profit $57705.33
worldclasskang
worldclasskang
insight428/1000
72.16%
ROI
Total profit $4231.25

Bot copy trading

More
Mobbelkotze
Mobbelkotze
insight0/150
$223.98
Total profit
Total subscriber profits $0
TopTrader85
TopTrader85
insight150/150
$13284.03
Total profit
Total subscriber profits $137.16