UPDATE: Finance Cream announcement on Twitter that he regained control of his DNS. “These sites are now safe to use. Thank you for your patience as we are [sic] continue to monitor this situation, ”the project team said.
DeFi platforms PancakeSwap and Cream Finance warned users on Monday that they had been affected by Domain Name System (DNS) hijackings.
The strong warnings were issued on social media in an attempt to prevent users from falling victim to double collection schemes private keys or seed phrases potential victims. Such information obtained by this type of phishing scheme would then allow a hacker to steal funds from the affected users.
Your funds are only threatened if you enter your private key or seed phrase into the hacked site.
Regaining access is only a matter of time, our main priority is to protect inexperienced users.
Do NOT go to the site yet.
NEVER enter your private key or your seed phrase.
– PancakeSwap? #BSC (@PancakeSwap) March 15, 2021
At the time of going to press, PancakeSwap stated that it has regained access to its DNS. Cream Finance appeared to be looking for DNS access, directing users to an alternate address in the meantime.
? Please use our app at https://t.co/BqbK4lkSNm
Thank you for your patience and sorry for the inconvenience.
We will update soon. Please retweet for more exposure.
– Finance Cream? (@CreamdotFinance) March 15, 2021
A DNS hack allows an attacker to present a fraudulent web portal to visiting users, often intended to collect personal information – in this case, the private keys needed to steal their funds. The US government and private security companies have issued warnings in recent years about such attacks, as reported in a 2019 report by Krebs on security.
This is a developing story and will be updated as new information becomes available.