Centralized Domain Systems Undermine DeFi Confidence Following Aerodrome DNS Compromise
- Aerodrome Finance, a Base network DEX, suffered DNS hijacking attacks forcing users to switch to decentralized ENS domains after phishing risks compromised centralized domains like aerodrome.finance. - The breach exploited centralized domain vulnerabilities to redirect traffic to fake sites, echoing a 2023 incident that caused $300,000 in losses, despite secure smart contracts protecting user funds. - Amid a merger with Velodrome DEX to create a unified "Aero" ecosystem, AERO token dipped 3% to $0.80 des
Aerodrome Finance, a decentralized exchange (DEX) operating on Coinbase's Base network, is currently dealing with a front-end security breach that has led users to abandon its main domains due to DNS hijacking threats. This breach, which redirected visitors to fraudulent phishing pages, has resulted in urgent advisories for users to access the protocol through decentralized ENS (Ethereum Name Service) mirrors for safety
The exploit targeted weaknesses in Aerodrome's centralized domain controls, enabling attackers to divert users to imitation sites built to steal wallet transaction signatures. Although the core smart contracts—which handle user assets and protocol operations—remain uncompromised, Aerodrome's team has instructed users to revoke any recent token permissions and
This breach follows a similar DNS hijacking incident in late 2023, which caused users to lose about $300,000. The latest attack happened just days after Aerodrome revealed its merger with Velodrome, another major DEX on
In the meantime, Aerodrome's native token, AERO, has experienced volatile trading. Despite a buyback initiative of 155 million tokens—representing 17% of its circulating supply—
This attack highlights ongoing security issues in DeFi, especially for projects that depend on centralized infrastructure. While decentralized smart contracts remain a core blockchain innovation, front-end risks like DNS hijacking expose the vulnerabilities of hybrid systems that mix on-chain and off-chain elements. Aerodrome's move to promote decentralized access points
The Aerodrome team is collaborating with domain provider My.box to address the breach
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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