DeFi

DeFi platform Ambient Finance regained control of its website after hackers commandeered its domain. 
Ambient Finance became the latest decentralized finance protocol to face a series of front-end attacks launched by unknown cybercriminals. On Oct. 17, Ambient <a href="https://crypto.news/circle-backed-decentralized-exchange-ambient-finance-faces-front-end-hack-blockaid/" target="_blank">notified</a> its decentralized exchange users of a Domain Name System issue with its website. 
DNS exploits occur when hackers compromise a platform’s domain registrar credentials, often aiming to steal assets and funds by embedding malicious links into the website. 
Ambient Finance reassured users that its smart contracts and on-chain infrastructure remained secure from attackers. However, the DEX&nbsp;<a href="https://x.com/ambient_finance/status/1846913531360301287" target="_blank" rel="nofollow">warned</a>&nbsp;users against visiting the website or signing any transactions until further notice to safeguard user assets. 
 You might also like: <a rel="" href="https://crypto.news/circle-backed-decentralized-exchange-ambient-finance-faces-front-end-hack-blockaid/"> Circle-backed decentralized exchange Ambient Finance faces front-end hack: Blockaid </a> 
Two hours after the problem was first reported, Ambient Finance announced on X that the issue had been resolved and its DNS was in the process of being repaired. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 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.&nbsp; Contracts and funds are safe and unaffected. 
 Ambient Finance on X 
</blockquote> 
A surge of cyberattacks has plagued DeFi and crypto protocols in recent months, indicating that security concerns persist despite growth in the on-chain sector. 
In September, Ethereum-based automated market maker Balancer <a href="https://crypto.news/balancer-confirms-social-engineering-attack-caused-front-end-issues/" target="_blank">confirmed</a> a front-end incident caused by a social engineering attack. Several DeFi platforms lost control over domains and websites in a July <a href="https://crypto.news/defi-protocols-compromised-as-many-domains-under-dns-siege/" target="_blank">DNS siege</a>. Ethena Labs was forced to temporarily halt its website last month, <a href="https://crypto.news/ethena-labs-halts-website-after-frontend-hack/" target="_blank">noting</a> issues with its website. 
While cybercriminals were on the prowl, on-chain users continued flocking to blockchain services and cryptocurrency protocols. DeFi remains popular as crypto usage explodes in 2024, a report from Andreessen Horowitz <a href="https://crypto.news/defi-remains-popular-amid-explosion-in-crypto-usage-a16z-report/" target="_blank">stated</a> on Oct. 16. 
 Read more: <a rel="" href="https://crypto.news/solanas-maneki-reveals-sheffield-united-shirt-deal/"> Solana’s Maneki reveals Sheffield United shirt deal </a>

DeFi exchange Ambient Finance recovers domain after DNS attack

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