Compound Finance’s official website has reportedly been compromised, redirecting users to a recently registered phishing site. The incident raises alarms within the crypto community, highlighting vulnerabilities in decentralized finance platforms.

Users are strongly advised against visiting the site until security measures are confirmed to be reinstated. The site where the users were redirected is been down now to prevent further hacks.

ZachXBT has confirmed this scam through their official telegram channel warning the crypto community.

The potential hijacking underscores the ongoing threats faced by digital asset holders and underscores the critical need for robust cybersecurity protocols in the DeFi sector. Experts emphasize vigilance and recommend verifying website authenticity through trusted sources amidst the evolving landscape of online threats.

The number of victims of this phishing scam is not yet confirmed as the investigation is still going on.