Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global
Celer Network’s CBridge Faces DNS Hijacking

Celer Network’s CBridge Faces DNS Hijacking

by BitDegree
September 1, 2022
in Global
Reading Time: 2 mins read
2.8k
A A
0
Share on FacebookShare on Twitter

Yet another protocol suffers from a DNS hijacking attack. 

Celer Network, a blockchain interoperability protocol established in 2018, has suffered from Domain Name System (DNS) poisoning attack.

According to the tweets shared by Celer, the company was attacked on August 17th, resulting in $240,000 stolen from user funds. 

You might also like

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

January 26, 2023
7.3k
How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

January 23, 2023
7.3k

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

On the day of the exploit, Celer was the first to notify its users about a possible attack. Celer quickly disabled its cBridge’s front line to avoid any further exploits and ensure user protection. Moreover, the company advises customers to revoke any transaction approvals on smart contracts, including Polygon, BNB Smart Chain, Astar, Ethereum, Avalanche, and others.

On August 18th, Celer Network confirmed that the work of cBridge’s frontend has been restored and protected with additional monitoring. 

After an internal investigation, Celer claims that its protocols and smart contracts were not exploited. On the other hand, using the cBridges frontend, the hacker managed to claim $240,000 from a small portion of user funds. It appears that the attacker has used sanctioned Tornado Cash to launder stolen funds. Celer has promised that all affected users will receive their compensation fully.

Finishing its tweet thread, Celer advised users to turn on the Secure DNS option in their browser’s settings to prevent risks of future attacks. 

It is not the first time DNS attacks have been performed against DeFi protocols. On August 9th, Curve Finance, an automated market maker protocol, faced a nameserver attack. The hacker changed the DNS protocol entry to a cloned version and managed to steal $573,000. 

What is interesting is that the sequence of events was rather similar. Curve Finance also informed its customers using Twitter and ordered them to immediately revoke any contracts signed at the time of the exploit. However, Binance managed to retrieve $450,000 out of all stolen funds. 

Aaron S. - Expert Reviewer

by Aaron S. – Expert Reviewer, BitDegree


This article was originally published in Bitdegree and can be viewed here:

https://www.bitdegree.org/crypto/news/celer-networks-cbridge-faces-dns-hijacking

Tags: Bitdegree
Previous Post

South Korean Regulator Blocks Unregistered Foreign Crypto Exchanges

Next Post

K4 and K5: how to use both apps while K5 is still in beta

BitDegree

BitDegree

Related Stories

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

by Klever
January 26, 2023
0
7.3k

KleverOS, the revolutionary Klever crypto wallet operating system that powers K5, ushers in a new era of crypto wallets. Today,...

How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

by Warren Manuel
January 23, 2023
0
7.3k

Supply chain management and logistics is a critical aspect of any business, as it involves the coordination and movement of...

Financial inclusion in the unbanked through cryptocurrency and blockchain

Financial inclusion in the unbanked through cryptocurrency and blockchain

by Warren Manuel
January 21, 2023
0
7.3k

The Role of Cryptocurrency and Blockchain in Enabling Financial Inclusion for the Unbanked and Underbanked Cryptocurrency and blockchain technology have...

Crypto mining alternatives

Alternatives to cryptocurrency mining that would be more sustainable

by Warren Manuel
January 19, 2023
0
7.3k

The Environmental Impact of Cryptocurrency Mining and the Potential for More Sustainable Alternatives Cryptocurrency mining, the process of using computer...

Next Post
klever wallet k4 and k5

K4 and K5: how to use both apps while K5 is still in beta

anotherblock Launches NFTs to Democratize Music Rights

anotherblock Launches NFTs to Democratize Music Rights

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8332 shares
    Share 3333 Tweet 2083
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7018 shares
    Share 2807 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5913 shares
    Share 2365 Tweet 1478
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5357 shares
    Share 2143 Tweet 1339
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

January 26, 2023
How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

January 23, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version