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DeFi News

Velodrome and Aerodrome Suffer Front-end Attack

The team behind both DEXs urges users to not interact with front-ends as hackers have taken over websites.

Written By:
Gopal Solanky

Last updated: November 29, 2023 11:26 AM
Published November 29, 2023 11:26 AM
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Last updated: November 29, 2023 11:26 AM
Published November 29, 2023 11:26 AM
Velodrome and Aerodrome Suffer Front-end Attack

Velodrome and Aerodrome, decentralized exchanges probably built by the same team, have been attacked by hackers taking over website front-ends.

Both Velodrome and Aerodrome shared a post confirming the incident and urging users to avoid interacting with front-ends. In the meantime, they assured users that all the funds are safe and contracts are unaffected.

Our frontend is currently compromised. Please do not interact with Velodrome for the time being. The team are investigating and will communicate more here when we have it.

— Velodrome (@VelodromeFi) November 29, 2023

Our frontend is currently compromised. Please do not interact with Aerodrome for the time being. The team are investigating and will communicate more here when we have it.

— Aerodrome (@AerodromeFi) November 29, 2023

The incident seems to be a DNS attack, in which the attacker has taken over the domains, and now it is leading to a phishing link to drain users’ assets.

Velodrome is one of the largest decentralized exchanges (DEX) on Optimism, whereas Aerodrome is deployed on Coinbase’s Layer 2 network Base.

While the attack does not disclose much financial details, on-chain analyst ZachXBT pointed out two addresses and found that currently approximately $40k had been stolen.

Looks like stolen funds are going to these two addresses

0x02BA13f39D7df9C3F7592257b636eD6C7CC4ae78
0xf64fCEdFCe714Bbe835761e54D7067f2f8231443 pic.twitter.com/mm6SUhCLhq

— ZachXBT (@zachxbt) November 29, 2023

Also read: KyberSwap Hacker Considers “Potential Treaty” If Not Threatened

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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