Aerodrome domain migration completed, $700,000 loss from November hijacking attack to be compensated

[Chain News] Aerodrome’s domain migration is finally complete, and the new domain is now live. This upgrade also added an enhanced security protocol specifically designed to prevent domain hijacking incidents like the one that happened before.

Let’s go back to November 21. That’s when Aerodrome suffered a domain hijacking attack—hackers redirected users to a fake website to trick them into signing transactions. The response was pretty quick; the attack was contained in less than four hours. Wallets like MetaMask and Coinbase Wallet reacted even faster, issuing warnings to users within two minutes of detecting the first malicious transaction.

The total loss was about $700,000, and only users who connected and signed transactions on the fake site during the incident were affected. Honestly, that’s a relatively well-contained loss compared to similar attacks.

The team is now working on the aftermath. They’ve brought in security consultants and corporate registrars to develop a protection plan, and the domain migration is one step that’s already been implemented. Meanwhile, the Aero and Velo Foundations are preparing compensation for affected users, to be distributed proportionally based on actual losses. This is their way of making things right for the users.