Frax Finance Suffers DNS Domain Breach by Cybercriminals

In light of another significant security breach, Frax Finance recently alerted users regarding the takeover of their DNS domain name. This incident highlights a concerning pattern of domain hijacking driven by social engineering. hackers In an urgent tweet, Frax Finance issued a warning, advising users to refrain from using the compromised domains, specifically naming some of them. Their message read, 'Please refrain from interacting with these domains until we notify you otherwise. If you have contacts at @namedotcom, please reach out immediately.'

Sam Kazemian, the founder of Frax Finance, shared similar concerns, stressing the importance of user safety and the potential dangers of accessing the highlighted domains.frax.financeandfrax.comThe rise of social engineering schemes illustrates how hackers increasingly exploit weaknesses in human behavior related to cybersecurity. By deceiving individuals into bypassing security measures, these cybercriminals can gain illegal access, as evidenced by the Frax case. The frequent occurrences of such domain hijacks underscore the pressing need for enhanced digital security practices and increased awareness among users. http://frax.finance and http://frax.com We strongly encourage both businesses and individuals to remain alert, routinely update their security protocols, and familiarize themselves with the signs of phishing and other manipulative tactics.

Please don’t use https://t.co/cADe5RLjqv and https://t.co/AcTF8hlzaS domains until further notice.

If you know anyone at @namedotcom please reach out asap. https://t.co/v0KlM5FoLk

— Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) October 31, 2023

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Frax Finance Domain Takeovers

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