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PancakeSwap, the largest and most successful decentralised cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, may have hijacked its DNS. Cream Finance is under pressure as well.
- In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked.
Before we can check that this is not the case, do not use the web. We’re going to check ASAP. In the end, it’s better safe than sorry. – The team said that.
- No further details were revealed as of the time of this writing and so far, the price for the platform’s native token CAKE doesn’t seem to have reacted.
- Just about an hour ago, another popular DeFi-related project, Cream Finance, shared similar news.
Our DNS has been compromised by a third party; some users are seeing requests for seed phrase on https://t.co/Hr6S4Fqodo. DO NOT enter your seed phrase.
We will never ask you to submit any private key or seed phrases.
— Cream Finance 🍦 (@CreamdotFinance) March 15, 2021
- Apparently, a malicious third party is sending requests for seed phrases.
- CZ, Binance’s CEO, has also warned of the issue.
A number of DeFi projects are under DNS hijack attack. Pancake, Cream, etc. Please be VERY VERY careful and not use them until they recover the situation… – he said.
- As the DeFi space continues to boom, it’s important to remember that there are bad actors in the space trying to exploit protocols into scamming people out of their money.
- With this said, you should never reveal your seed phrase to anyone. In addition, employing appropriate security measures will help safeguard your cryptocurrencies.