Fun

Ether.fi thwarts domain account takeover attempt, confirms user funds safe

News Feed - 2024-09-25 08:09:53

Josh O"Sullivan7 hours agoEther.fi thwarts domain account takeover attempt, confirms user funds safeEther.fi credits security upgrades and partners for thwarting a domain account takeover before user funds were compromised.1650 Total views3 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onEther.fi, a decentralized finance (DeFi) staking protocol, has reported that no user funds were compromised during the recent domain takeover attack.


On Sept. 24, the DeFi protocol faced an attempted domain account takeover involving their domain registrar, Gandi.net, but was stopped before significant harm could occur.


The Ether.fi internal team confirmed that attackers could not present a malicious decentralized application (DApp) on any Ether.fi-related domain.Source:Ether.fi


Related:Ether.fi launching ‘crypto-native’ credit card on ZK-rollup ScrollEther.fi responds to attack


The breach began on Sept. 24 when the DeFi protocol received a recovery notification email from Gandi.net at 4:38 pm UTC.


After verification through the protocol’s security measures, including “SPF, DKIM, and DMARC authentication records,” it was discovered that the attacker was behind the email.


According to an official Ether.fi summary Gitbook post, “it was established an attacker attempted to use the legitimate Gandi recovery flow to gain access to etherfi’s Gandi account.”


Ether.fi immediately contacted Gandi across multiple platforms, and by 7:30 pm UTC, the DeFi staking protocol had confirmed that its account had been locked down to prevent further tampering.


Related:Restaking is ‘inevitable,’ but the risks are still uncertain — Ether.fi CEOSecurity measures


The DeFi protocol implemented security upgrades before the attempted attack, which acted as a buffer to mitigate the threat of the domain takeover attempt.


According to the official Gitbook post weeks prior, Ether.fi noticed an increase in the exploitation of similar attack vectors across other platforms. 


As a precaution, the protocol upgrades its key platforms to require hardware authentication for account recovery and management procedures.


Ether.fi credited its security partners, including Seal911, Doppel, Ethena, and Distrust, for immediate assistance during the attack.


Related:Omni Network seals $600M deal with Ether.FiFollow-up communication and fund safety


On Sept. 24 at 07:13 pm UTC, Ether.fi communicated to its users via social media platform X that they should not “click on any links” or interact with their domain.


The DeFi protocol noted that official communications would come solely through X or Discord and explicitly stated that no communication would come through email.


After resolving the incident, the team stated that “all funds are safe” and that the attackers had “no opportunity” to issue any malicious DApps “on any ether.fi related domain.”


Magazine:Lady of Crypto will be ‘all out of crypto’ by September 2025: X Hall of Flame# Blockchain# Security# Decentralization# Ethereum# Hackers# Cybersecurity# Hacks# DeFiAdd reaction

News Feed

Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC
Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have w
David Attlee14 hours agoMarathon shareholders file lawsuit against company’s top managementThe CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.12
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016 Finland’s customs officials have revealed plans to sell 1,981 bitcoins that we
Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’
Zimbabwe"s Stock Exchange Open to Crypto Listing Subject to "Regulatory Approval"Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria F
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would"ve Prevented FTX Bankruptcy U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have
Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace
Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace Mastercard, the American multinational financial services corporation, announced the company is dipping
Ethereum Supply On Exchanges Hits 7-Year Low – Breakout Loading?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Tom Blackstone5 hours agoCosmos-based Osmosis launches concentrated liquidity, lets LPs choose priceThe new feature offers higher fees to LPs who provide liquidity within tighter price ranges but also causes them to not
Jesse Coghlan7 hours agoSolana-based Clockwork to shutter, citing ‘limited commercial upside’Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital.3064 T
How The Israel-Iran War Could Shake Crypto Prices, Explains Arthur Hayes
Este artículo también está disponible en español. Arthur Hayes, the co-founder and former CEO of BitMEX, published an essay titled “Persistent Weak Layer” on
Tesla’s Elon Musk Offers to Buy Twitter for $41 Billion, Says He Wants to Make It a Private Company
Tesla"s Elon Musk Offers to Buy Twitter for $41 Billion, Says He Wants to Make It a Private Company Tesla billionaire Elon Musk has offered to purchase Twitter for $41.4 billion, a
Drawbacks of Cryptocurrency Exchanges – How Non-Custodial Services Are the Solution
Drawbacks of Cryptocurrency Exchanges - How Non-Custodial Services Are the SolutionCryptocurrency exchanges are online platforms where one can buy, sell, or trade cryptocurrencies.