Curve ‘Strongly Suggests’ Area Migration to Ethereum Identify Service After $570K Frontend Hack

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Curve Finance has extra solutions to this week’s $570,000 frontend assault

A current report carried out with area registrar firm iwantmyname, the area host for the decentralized alternate, indicated that Tuesday’s hack was a results of “DNS cache poisoning, not nameserver compromise.”

On August 9, Curve notified customers that it had suffered a frontend assault the place the nameserver, curve.fi, was compromised, resulting in $570,000 of Ethereum (ETH) being stolen from customers.

It reported that the platform was focused by way of a compromise within the hosted area title service infrastructure. Hackers cloned the information within the server to imitate the unique server, generally known as DNS cache poisoning. 

This assault redirects customers to a web page of the attacker’s selecting, tricking individuals into pondering it’s the unique area and utilizing the location as typical. 

Past outlining the assault methodology, Curve additionally said that “What has occurred strongly suggests to begin transferring to ENS as an alternative of DNS,” referring to the crypto equal of DNS—a namesource that interprets the IP handle into the web page for customers—known as the Ethereum Identify Service.

Transferring to ENS, as Curve urged, will reportedly forestall such frontend hacks from taking place sooner or later. 

Curve Finance has but to answer Decrypt’s inquiries on the matter.

What’s Ethereum Identify Service?

Etheruem Identify Service, or ENS, has been made well-liked of late due to its skill to show the lengthy string of letters and numbers that’s crypto addresses into human-readable addresses. 

As a substitute of that clunky crypto handle, one might as an alternative into one thing like “satoshi.eth” utilizing ENS. And as you possibly can think about, that “.eth” suffix seems much like the DNS-native “.com.” 

However insofar because the service exists on the Ethereum blockchain, it’s far safer and probably resilient to assaults like these suffered by Curve on Tuesday.

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