Compound Finance Website Allegedly Hijacked: Report

The website of decentralized finance lending platform Compound Finance appears to have been potentially hijacked, a blockchain sleuth warns.

Compound Finance, a decentralized finance lending platform backed by Coinbase and a16z crypto, has allegedly fallen victim to a hacker attack after its website began redirecting users to a different domain.

In a Jul. 11 post on Telegram, blockchain sleuth ZachXBT alerted users about a phishing domain redirecting visitors from the legitimate Compound Finance website to “compound-finance[dot]app”, which fully mimics the original version.

As of press time, Compound Finance made no public statements on the matter, with ZachXBT suggesting that Compound’s website “seems to potentially be hijacked.” Crypto.news reached out to Compound Finance and will update the article if we hear back.

Founded in 2017 by Robert Leshner and Geoffrey Hayes, Compound Finance allows users to lend and borrow crypto without intermediaries by relying on smart contracts. In 2019, the firm raised $25 million in Series A funding led by Andreessen Horowitz’s a16z crypto with participation from other investors such as Polychain Capital and Bain Capital. The platform also secured funding from Coinbase Ventures, Paradigm, and Dragonfly Capital among others.