Curve Finance, a decentralized finance (DeFi) protocol, has issued a warning that its website, curve.fi, does not point to the correct IP address and may redirect users to a fake site meant to steal funds.
In a May 12 post on X, they told users not to interact with the website. They said the problem is with the Domain Name System (DNS), which links website names to their actual online addresses.
In a separate post on X, Curve Finance’s team reassured users that the password is safe and two-factor login has been active for some time.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Candlesticks, Trendlines & Patterns Easily Explained (Animated Examples)
Even though Curve Finance’s smart contracts are still safe, using the fake version of the site could lead to stolen assets. The team said they are working to get full control back and emphasized that there is no sign that their systems have been breached.
Blockchain security firm Blockaid stated in a post on X that the incident could be a “frontend attack”, where attackers change what users see and click on to trick them into revealing private information or signing harmful transactions.
This is the second security issue Curve Finance has faced. On May 5, someone took over Curve Finance’s X account and posted phishing links. However, the team quickly regained control and confirmed that no other systems were affected. In a follow-up post on May 6, they said no funds were lost and no users were tricked by the fake links.
On May 11, the Discord server of Ledger, a cryptocurrency hardware wallet provider, was compromised and used to spread a phishing link. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
