1 year ago
In a swift solution of a perchance disruptive issue, Frax Finance, the decentralized stablecoin project, has regained power implicit its superior domains, arsenic reported by the company’s Founder, Sam Kazemian, connected his X feed.
The archetypal interest was raised by Kazemian done a station connected Oct. 31, urging users to refrain from utilizing frax.finance and frax.com until the institution could regain power implicit these domains. The contented highlighted the inherent vulnerabilities associated with domain hosting and underscored the request for high-level information measures wrong the crypto industry.
Frax Finance’s authoritative X relationship echoed Kazemian’s concerns, pleading for assistance from anyone with high-level contacts astatine Name.com, the domain hosting company.
Within 6 hours of reporting the issue, Frax posted an assurance that some domains were present correctly routed backmost to their due nameservers and configurations. The station besides mentioned that Name.com reached retired to Frax and promised a afloat probe into what led to the incident. The post, published conscionable earlier 6 americium GMT connected Nov. 1, read,
“Name.com has reached retired & confirmed frax.finance & frax.com domains are present routed backmost to their due nameservers & configuration. We’ve been told they’ll explicate what led to the incidental aft they behaviour a afloat probe tomorrow.”
As of now, the origin of the misrouting remains to beryllium determined. However, the committedness to a afloat probe by Name.com promises answers for the disruption and aims to reenforce user’s spot successful the robustness of the broader cryptocurrency infrastructure.
While this concern was promptly resolved, it raises broader questions astir the intersection of accepted web infrastructure and decentralized technologies. As the crypto ecosystem evolves, its aboriginal volition undoubtedly impact a analyzable interplay of centralized and decentralized elements.
The station Frax Finance regains power implicit domains aft imaginable information breach, probe underway appeared archetypal connected CryptoSlate.
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