DeFi protocol Frax Finance has regained control of its domain names, frax.finance and frax.com, following a previous issue that raised concerns about a possible hijacking attempt. The team worked with domain registrar Name.com to restore the domains to the correct settings.
Earlier today Frax said reported a security vulnerability when it lost control of its primary domain names, leading the company to suspect a possible hijacking attempt.
Domain Name System (DNS) hijacking is a type of cyber attack that makes unauthorized changes to a domain’s DNS settings. Such changes redirect the domain to a different server and domain name configured for malicious activity, such as phishing user accounts.
The Frax team acted quickly to resolve the situation. Name.com, the registrar responsible for the aforementioned domains, was contacted, who confirmed that the domains had been restored to the correct DNS name servers and settings.
Frax regained control
Frax Finance issued a public announcement informing users that the domains were safe and are now safe to use, although an investigation into the situation is still ongoing.
“Name.com has contacted us and confirmed that the domains are now being returned to their correct DNS under our control. We’re told they will let us know what led to the incident after they conduct a full investigation tomorrow” , says the spokesperson. team declared.
Frax Finance added that a comprehensive investigation will take place tomorrow to determine the cause of the problem.
Recent domain attacks have impacted projects like DeFi protocol Balancer and web3 platform Galxe, causing user losses.