Convex Finance Sets Up New URLs After Website Address Is Hijacked

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Decentralized staking platform ConvexFinance set up new website addresses for users after a previous URL was involved in a phishing attack. By shauryamalwa

Decentralized staking platform Convex Finance set up new website addresses after the previous address was involved in an attack that misdirected users to a malicious website.

The Domain Name Service translates website names that users type into the internet's native numeric address coding. By intercepting that process, it's possible to redirect users to alternative websites that might have malicious intent.with approvals for contracts apparently spoofing wallet addresses and misleading users to approve the wrong wallet actions.

Some five wallets were flagged by Convex to have been affected by the exploit. Funds on verified contracts on Convex were unaffected, developers said.” – flagged as “Convex Phisher Deposits” on blockchain analytics service Etherscan – seemed to have obtained small amounts of cryptocurrencies from affected users, blockchain data shows.

 

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