CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains.
As the vulnerability on Squarespace domains threatens the decentralized finance (DeFi) space with phishing attacks, Web3 professionals shared their advice on what users and those affected can do to avoid the attacks.
On July 11, security investigator ZachXBT shared a Telegram post warning the community to stay away from the Compound Finance website, which redirected to a phishing site. The DeFi protocol was the first to be hijacked because of the vulnerability.
Following this, the Celer Network announced that it had also been attacked but successfully thwarted the attempt.
