On May 12, 2025, Curve Finance warned users about a DNS hijack on their website, urging them to avoid interactions with the compromised front-end. This incident raised concerns about security in decentralized finance.
What Happened?
Curve Finance experienced a DNS hijack that disrupted their front-end, redirecting users to a malicious platform. This was not the first such occurrence, as a similar issue arose in August 2022. The incident highlighted ongoing vulnerabilities in security systems within DeFi.
Response from Curve Finance and Experts
In response to the incident, Curve Finance issued a warning via X (Twitter), advising users to be cautious. The on-chain security firm Blockaid also expressed concerns about potential attacks and recommended that users avoid transactions with the compromised site.
Impact on CRV Token and Future Outlook
Following the incident, the value of the CRV token dropped by approximately 7%, reflecting overall market unease. User wallets were put at risk when interacting with the compromised site, negatively impacting trust in the platform. The need for improved security protocols and registrar safeguards in the industry has become an urgent topic of discussion.
The DNS hijack that occurred with Curve Finance illustrates the importance of security and protection in decentralized finance. Enhancing the reliability of systems may be key to restoring user trust.
