Compound Finance site potentially breached — ZachXBT

Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked.a post on Telegram telling the community to stay away from the website for the time being. According to ZachXBT, the website redirects to a newly registered phishing site and may pose a substantial security risk.

Back then, the account posted an advertisement promoting free crypto tokens. It also urged users to click a link imitating the protocol’s official site. However, it was quickly flagged as a scam. On Dec. 30, 2023, the Compound Labs team confirmed they were compromised for four hours before recovering the account. They also informed their users that they had removed the spam messages.On April 4, CertiK CEO co-founder Ronghui Gu urged the community to proactivelyas the market continues to grow. At the time, the company noticed that phishing attacks in the crypto space had reached “alarming levels.

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