Ethena Labs Responds Swiftly to Domain Registrar Hack, Ensuring User Safety

On September 18, 2024, Ethena Labs faced a domain registrar hack that compromised its website’s front-end. The company acted quickly, advising users to avoid the platform and any sites pretending to be Ethena. The website was temporarily deactivated, but Ethena Labs reassured users that their funds are secure, as the breach only affected the website’s interface, leaving the core protocol untouched.

Security firm Blockaid strongly urged users who connected during the breach to disconnect their wallets immediately and refrain from signing any transactions. There are also warnings about phishing attempts targeting sensitive data like seed phrases and passwords. This incident is a stark reminder of the growing number of crypto security breaches in 2024, with total losses now exceeding $1.2 billion.