🚨 Squarespace Hack Threatens Over 220 DeFi Protocols! 🌐

A #DNS attack on #squarespace has put interfaces of around 228 DeFi projects at risk, reports Ido Ben-Natan, CEO of #Blockaid .

📅 On July 11, Compound Finance and Celer Network sites redirected users to phishing pages. Attackers intercepted DNS queries to use IP addresses linked to the Inferno Drainer.

🔍 Ben-Natan points to the use of Inferno Drainer's infrastructure, including smart contracts and wallets, indicating cybercriminals are exploiting these tools to steal user funds by draining accounts after malicious transactions are signed.

⚠️ This group has been targeting #DEFİ vulnerabilities for a while, but their consistent infrastructure allows for tracking and identifying their attacks.

Stay vigilant and safeguard your assets! 🛡
#CPI_BTC_Watch

🚀 Web3 security startup Blockaid, founded by former Israeli military cyber intelligence agents, secures $33 million in seed funding. Participants include Sequoia Capital, Greylock Partners, and Cyberstart. 🌐💻 Blockaid claims to have scanned 450 million transactions, thwarted 1.3 million attacks, and safeguarded $7.1 billion in assets. Clients include Metamask, OpenC, Xerion Wallet, and Rainbow Wallet. 💰🛡️ #Blockaid #Web3Security 🌐

Avalanche announces a partnership with Blockaid

#Avalanche partners with #Blockaid , a company that provides security tools to #web3 builders and protects users from scams, phishing, and hacks. Through this partnership, Avalanche will integrate Blockaid's security features into its native wallet, Avalanche Core. This partnership aims to bolster the security of the Avalanche Core wallet to provide safer transactions for users.

Avalanche $AVAX is a decentralized, open-source proof-of-stake blockchain with smart contract functionality. The project is backed by Polychain Capital, DragonFly Captital, HashKey Capital, and others.

👉 cointelegraph.com/news/avalanche-core-wallet-blockaid-security-integration