🚨Crypto Sherlock Holmes, ZachXBT, has waved the red flag on Compound Finance's website due to a suspected hijacking. Apparently, it's now a phishing hotspot. 🎣

Compound Finance's own security adviser, Michael Lewellen, confirmed the breach but assured that the protocol and smart contract funds are still safe. Phew! 😅

This isn't their first rodeo with security issues. Remember back in 2023 when their official X account got hacked? Deja vu, anyone? 🔄

CertiK CEO, Ronghui Gu, has urged the community to gear up for attacks as the market expands. Phishing attacks in crypto have hit alarming levels, with losses totaling $1.19 billion in the first half of 2024. Yikes!

So, folks, let's up our security game and embrace multifactor authentication. What are your thoughts on this? Share in the comments! #DeFi #Web3 #CryptoSecurity