information Cream Finance Blames GoDaddy

[Lox]

Cream Finance Critical of GoDaddy in DeFi DNS Attack

In Brief

• Cream Finance explains DNS attack.
• GoDaddy account was compromised.
• Domain registrar did not notify of admin changes.
  

The DeFi protocol stated that its GoDaddy account (where the domain name is registered) was compromised. This resulted in the redirection of its domain name to a malicious phishing website. It managed to reclaim control over its domain name within a few hours.

The GoDaddy domain records were changed following the hack of Cream’s account. It began a migration process through the security firm Cloudflare. It reached out to industry analytics platforms like CoinMarketCap and CoinGecko to update the website link and issue a warning.

Once it regained control, the platform deployed a decentralized frontend in IPFS (InterPlanetary File System). This ensured that it would have full control and would not have to rely on a centralized company.

read more (beincrypto)