Cryptocurrency investor ZachXBT has warned users to avoid the Compound Finance website, which appears to have been taken over. On July 11, he published a post on Telegram, urging the community to stay away from the site. According to ZachXBT, the site redirects to a new phishing site and can pose a serious security risk. 😱

Although the breach has not yet been confirmed by Compound Finance, users are warned that interacting with the site may result in the loss of personal data and funds. Cointelegraph has reached out to the Compound Labs team for comment but has not yet received a response.

This is a developing story and more information will be added as it becomes available.