On June 5th report, Curve Finance founder Michael Egorov revealed that "hired" hackers are coordinating cross-platform attacks, making security challenges for DeFi projects increasingly complex. Last month, Curve Finance was a victim of a DNS attack, with the website interface being infiltrated and users redirected to malicious pages. Egorov stated that despite implementing strong passwords and two-factor authentication, the domain registrar arbitrarily transferred ownership, leading to this serious vulnerability.
He emphasized that attacks from malicious actors are becoming increasingly sophisticated, carefully planned, and he does not rule out the possibility of bribery to target specific projects. Compared to traditional finance, risks in cryptocurrency are entirely different, as transactions occur almost instantly, and once an attack happens, the damage is difficult to reverse.
Egorov also warned that current security standards in the cryptocurrency industry are extremely strict, but the existing Internet infrastructure still does not meet requirements. This poses a significant challenge for the entire DeFi sector, where the risk of exploitation and asset loss is always lurking.
