Web3 security firm Blockaid reported a potential frontend attack targeting the decentralized trading protocol Ambient Finance. The firm is advising users who are connected to the platform to refrain from signing any transactions or interacting with the decentralized application (dApp) until the issue is resolved.
According to the announcement, the Ambient Finance team has acknowledged the situation and is actively working to address the attack. In a message posted on their Discord channel, a project member stated:
“We are having some issues with our frontend at the moment. Please don’t interact with the site at all for the time being. Don’t connect your wallet or sign any transactions. We are investigating and will update you. At this stage, it appears to be just a frontend issue, with nothing wrong with the contracts.”
In the meantime, Blockaid has flagged the domain to protect users across all Blockaid-enabled wallets. The firm also reported that the attacker utilized a drainer kit known as Inferno Drainer, also noting that the command-and-control (C2) server, which facilitates data exfiltration, involved was specifically created for this attack and registered within the last 24 hours.
URGENT: We have detected a potential frontend attack targeting @ambient_finance.
If you're connected, please refrain from signing transactions and avoid interactions with the dApp until the issue is resolved. More updates soon. pic.twitter.com/Y42gjyW7Vn
— Blockaid (@blockaid_) October 17, 2024
Ambient: What Is It?
Previously known as CrocSwap, it is a decentralized exchange (DEX) protocol designed to facilitate two-sided automated market makers (AMMs) that combine concentrated liquidity with ambient constant-product liquidity across any pair of blockchain assets. The entire DEX operates within a single smart contract, where individual AMM pools are represented as lightweight data structures rather than as separate smart contracts.
The DEX provides fast and cost-effective transactions. The platform features an automatic reinvestment mechanism that channels fees generated back into the system, benefiting all users. Ambient employs concentrated liquidity and limit orders for enhancing trading efficiency and improving overall user experience.
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