Compound Finance site potentially breached — ZachXBT

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Cointelegraph2024/07/11 08:19

By:Ezra Reguerra

Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked.

On July 11, the security investigator published 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.

While Compound Finance has not yet confirmed the breach, users have been warned to avoid interacting with the site to prevent potential losses of personal data and funds.

Cointelegraph approached the Compound Labs team for comments but has not yet received a response.

This is a developing story, and further information will be added as it becomes available.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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