Sep 2024 - Ethena Labs Domain Registrar Account Compromise - $Unknown (Global)
"ENABLING INTERNET MONEY_ Synthetic Dollar and Internet Native Yield"
"Ethena enables the creation and redemption of a delta-neutral synthetic dollar, USDe, crypto's first fully-backed, onchain, scalable, and censorship-resistant form of money.
The mechanism backing USDe enables the first "Internet Bond" offering a crypto-native, value-accruing, dollar-denominated instrument, derived from staked asset returns (to the extent utilized in backing) and the funding and basis spread available in perpetual and futures markets."
"USDe derives its relative peg stability from executing automated and programmatic delta-neutral hedges with respect to the underlying backing assets.
Hedging the price change risk of the backing asset in the same size minimizes fluctuations in the backing asset price as the change in value of the collateral asset is generally offset by the change in value of the hedge.
This enables the synthetic USD value of the collateral to remain relatively stable in most market conditions."
"Ethena Labs posted on X platform that their Ethena domain registrar account was recently compromised. They have taken measures to disable the website until further notice."
"The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice.
The protocol is unaffected and funds are safe.
Please do not interact with any site or application purporting to be the Ethena frontend."
"We've worked with the registrar to regain control of our domain and had the phishing domains blocked across various services to protect our users.
To reiterate, the protocol is not affected and funds are secure.
ethena[.]fi remains the only official domain and we will reinstate the frontend site once we have fully investigated over the next few hours."
"Concluding our investigation:
We have worked closely with our registrar and have secured the http://ethena.fi domain.
No Ethena systems were compromised and the Ethena frontend has been restored. The protocol was not impacted and we are resuming normal operations.
Remember scammers are always chasing you—whether its fake phishing sites or taking over legitimate websites.
Please slow down and always check everything twice before interacting."
Further Analysis
Ethena offers a synthetic stablecoin which claims to be the first fully-backed, onchain, scalable, and censorship-resistant form of money. Shortly after announcing an airdrop for season 2, which was to be conducted throught their website, hackers decided to offer an airdrop of their own, through the same website. After hijacking the domain registrar account, they directed it to a nearly identical website. Multiple users connected and had their wallets emptied. The Ethena Labs domain was ultimately restored, and they apparently even kept the same domain registrar. There has been no word located on any assistance for users who were affected.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Decentraland Official Twitter Account Compromise > > < < DeltaPrime Arbitrum Private Key Leaked
Sources/Further Reading
@ethena_labs Twitter (Dec 31)
Ethena (Dec 31)
@ethena_labs Twitter (Dec 31)
@ethena_labs Twitter (Dec 31)
@jobsincrypto Twitter (Dec 31)
@meta_danm Twitter (Dec 31)
@meta_danm Twitter (Dec 31)
@meta_danm Twitter (Dec 31)
@incrypted Twitter (Dec 31)
@OAK_Res Twitter (Dec 31)
@GambleDadby Twitter (Dec 31)
@blockaid_ Twitter (Dec 31)
@PocketUniverseZ Twitter (Dec 31)
@hashvalue Twitter (Dec 31)
@Cryptonewsterm Twitter (Dec 31)
@BlockInsider_ Twitter (Dec 31)
@LorettaHam37934 Twitter (Dec 31)
@NiktoWeb Twitter (Dec 31)
@coinlivespace Twitter (Dec 31)
@Echoeweb Twitter (Dec 31)
@willethbtc Twitter (Dec 31)
@ColemanGar30649 Twitter (Dec 31)
@Cryptonewsterm Twitter (Dec 31)
@crypto__mak Twitter (Dec 31)
@btc_pulse_ Twitter (Dec 31)
@NoneAgeOfficial Twitter (Dec 31)
@procent_crypto Twitter (Dec 31)
@coinscreed Twitter (Dec 31)
@Canbartu_eth Twitter (Dec 31)
@crypto__mak Twitter (Dec 31)
@cripto_t Twitter (Dec 31)
@encoinotagcom Twitter (Dec 31)
@CoinnessGL Twitter (Dec 31)
@CoinnessGL Twitter (Dec 31)
@CryptoHeadio Twitter (Dec 31)
@heitravel Twitter (Dec 31)
@ToriKeller36413 Twitter (Dec 31)
@Bradicoin10 Twitter (Dec 31)
@lunaray_co Twitter (Dec 31)
@0xedeon Twitter (Dec 31)
@BushOrangutan Twitter (Dec 31)
@JasonDotX Twitter (Dec 31)
@kifakrec Twitter (Dec 31)
@RespectTRNews Twitter (Dec 31)
@Altcoin_Alerts Twitter (Dec 31)
@CoinNewsify Twitter (Dec 31)
@KryptoKaadhal Twitter (Dec 31)
@CryptoChrisG Twitter (Dec 31)
@LukasShmutz Twitter (Dec 31)
@panthera_news Twitter (Dec 31)
@xMichaellMoore Twitter (Dec 31)
@0xedeon Twitter (Dec 31)
@kriptemoji Twitter (Dec 31)
@LighthouseOne_ Twitter (Dec 31)
@imcoinx Twitter (Dec 31)
@johnmorganFL Twitter (Dec 31)
@JaguarDigi16 Twitter (Dec 31)
@Antamonides Twitter (Dec 31)
@JacquelineZ77 Twitter (Dec 31)
@iNewsBTC Twitter (Dec 31)
@AdikaMugeni Twitter (Dec 31)
@hexad_army Twitter (Dec 31)
@AntonProfiT Twitter (Dec 31)
@tryPluid Twitter (Dec 31)
@luck661 Twitter (Dec 31)
@bitnoticias_ Twitter (Dec 31)
@_TOBTC Twitter (Dec 31)
@InvezzPortal Twitter (Dec 31)
@NorqueNoq Twitter (Dec 31)
@ForkLog Twitter (Dec 31)
@kmets_ Twitter (Dec 31)
@FlashDeutsch Twitter (Dec 31)
@blowfishxyz Twitter (Dec 31)
@joinsecret3 Twitter (Dec 31)
@Telo_Official Twitter (Dec 31)
@cry_pto_news Twitter (Dec 31)
@criptofacil Twitter (Dec 31)
@cry_pto_news Twitter (Dec 31)
@tapchibtc_io Twitter (Dec 31)
@oshimaru_more Twitter (Dec 31)
@LaCryptoMonnai1 Twitter (Dec 31)
@0xairdropfarmer Twitter (Dec 31)
@LaCryptoMonnai1 Twitter (Dec 31)
@3dns_inc Twitter (Dec 31)
@4cmediaco Twitter (Dec 31)
@TheBlock__ Twitter (Dec 31)
@0xphatbear Twitter (Dec 31)
@Olympix_ai Twitter (Dec 31)
@CoinmatomeNews Twitter (Dec 31)
@CryptoAI_Digest Twitter (Dec 31)
@LaCryptoMonnai1 Twitter (Dec 31)
@ICODrops Twitter (Dec 31)
@LaCryptoMonnai1 Twitter (Dec 31)
@woshiguaizi Twitter (Dec 31)
@AirdropDuyuru Twitter (Dec 31)
@bitbank_markets Twitter (Dec 31)
@wagmiglobal_ Twitter (Dec 31)
@Crypto_Potato Twitter (Dec 31)
@ZStewardZ Twitter (Dec 31)
@BanklessHQ Twitter (Dec 31)
@pandaly520 Twitter (Dec 31)
@AntCaveClub Twitter (Dec 31)
@Cointelegraph Twitter (Dec 31)
@AltWonderland Twitter (Dec 31)
@cryptohuntz Twitter (Dec 31)
@brucelolzz Twitter (Dec 31)
@Altcoin_Alerts Twitter (Dec 31)
@MetisCharter Twitter (Dec 31)
@cryptolfggo Twitter (Dec 31)
@Crypto_TomP Twitter (Dec 31)
 t.me/QuadrigaInitiative
|
 /r/QuadrigaInitiative
|
 @QuadrigaInit
|
 info@quadrigainitiative.com
|