Hackers Fail! Ether.fi Secures Platform Before User Funds Are Compromised

Last Updated on December 19, 2024

Efe Headshot
Written by

Key Takeaways:

  • Ether.fi thwarted an attempted domain takeover without compromising user funds, thanks to swift security measures.
  • The attack targeted Ether.fi’s domain registrar, Gandi.net, but preemptive actions from security partners blocked the exploit.
  • Ether.fi’s proactive security upgrades, including hardware authentication, were instrumental in preventing the breach.

On September 24, Ether.fi, a decentralized finance (DeFi) staking protocol, thwarted an attempted domain takeover without compromising user funds.

The attack targeted their domain registrar, Gandi.net, aiming to exploit the recovery process to gain access to Ether.fi’s account.

However, thanks to preemptive security measures and swift action from security partners like Seal911, Doppel, Ethena, and Distrust, the attack was blocked before significant damage occurred.

Ether.fi discovered the breach when a recovery email, sent by the attacker, was flagged by their security protocols.

The team swiftly locked the account and informed users via social media not to engage with any suspicious links.

Ether.fi confirmed that no malicious decentralized applications (DApps) were deployed on their domains, and user funds remained secure throughout the incident.

Their proactive security upgrades, including hardware authentication, played a key role in preventing the breach.

About The Author

Efe Headshot
Written by

News Reporter

Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.

His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.

Check Efe out on: