PANews June 5 report, according to Decrypt, Curve Finance founder Michael Egorov revealed that 'hired' hackers are coordinating cross-platform attacks, making the security of DeFi projects increasingly difficult. Last month, Curve Finance suffered a DNS attack, where the front-end website was breached and users were redirected to a malicious site. Egorov explained that despite the team using strong passwords and two-factor authentication, the domain registrar transferred the domain ownership to others without notifying Curve's management, leading to this attack.
He pointed out that attacks planned by threat actors are becoming more common and may even involve bribery targeting specific projects. Compared to traditional finance, the risks in cryptocurrency are markedly different, as transactions are almost instant, and once an attack occurs, it is irreversible. Egorov emphasized that the security standards for cryptocurrency are extremely high, and the existing internet infrastructure struggles to meet these demands.
