The attacker took control of the DNS server of the Convex Finance DeFi protocol to prompt users to approve malicious smart contracts. The project team clarifies the possible damage.
The developers emphasized that funds on verified contracts are not affected. However, at least five addresses interacted with the malware. The team urged their owners to get in touch.
At the time of writing, an investigation into the incident is ongoing. Convex Finance promised to publish detailed information later.
The price of the CVX project token did not respond to the incident. Over the past 24 hours, the asset has risen in price by 2%. CVX is trading near $4.6, more than 92% below its January 2022 high of $60.