Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked.
On July 11, the security investigator published a post on Telegram telling the community to stay away from the website for the time being. According to ZachXBT, the website is redirecting to a newly registered phishing site and may pose a strong security risk.
While the breach has not yet been confirmed by Compound Finance, users have been warned to avoid interacting with the site to prevent potential personal data and funds losses.
Cointelegraph approached the Compound Labs team for comments but did not yet get a response.
This is a developing story, and further information will be added as it becomes available.