Frax Finance Says its Domain Name Has Been Hijacked

's domain was hijacked early Wednesday, and while the site currently points to the correct nameserver and loads the real Frax user interface, it can't figure out what exactly happened.

"The current nameserver belongs to us and the real Frax UI," Frax founder Sam Kazemian told CoinDesk."But since we haven't heard back fromDomain Name System hijacking occurs when the domain name registrar redirects users to a malicious site that looks exactly like the authentic one to phish users into giving up their credentials.So far no user funds have been stolen by the attacker.

Kazemian said that his team is in the dark about what happened, and it doesn't seem to be a compromised email or password. "It doesn’t seem like we did anything wrong at all. So until they tell us the account is secure, it’s not possible for us to say it’s safe," Kazemian said. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

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