After spoofing an exploit, Convex Finance has launched two URLs.

After spoofing an exploit, Convex Finance has launched two URLs.

In the latest spoofing attack, the Convex Finance decentralized staking platform’s DNS (domain name server) was targeted.

  • As early as July 23, a Convex Finance smart contract address was detected by Alexintosh, an angel investor.
  • A DNS spoofing attack may have been carried out on Convex Finance’s website by a hostile party.
  • Users were unwittingly agreeing to harmful contracts for specific website interactions when the staking platform’s DNS was hijacked, it was confirmed following the incident
  • While the inquiry is ongoing, Convex has urged users to use two alternate domain names to access the site.
  • Five wallets were flagged by the platform as vulnerable to the attack. There was no impact on validated contracts’ funds, according to the team, though.
  • The hacker used Tornado Cash, a currency mixer, to move the stolen money to a wallet marked as “Convex Phisher Deposits,” which reveals a modest quantity of crypto from the victims.
  • As promised, a comprehensive post-mortem report will be released shortly by Convex Finance.
  • A DNS hijacking assault on Ribbon Finance, a decentralized structured products protocol, was also reported by MistTrack, a crypto tracking and compliance platform.
    It appears to be the same attacker as Convex, according to on-chain analysis.

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