Aerodrome Finance, the leading Decentralized Exchange (DEX) on the Base network, is investigating a security incident involving a DNS hijacking attack. The breach targeted the platform’s centralized domains, exposing users to sophisticated phishing attempts that prompted malicious signature requests designed to steal NFTs, ETH, and USDC.

DeFi Security Under Pressure Amid Multiple Exploits

The event at Aerodrome is part of a wider string of security breaches that have recently impacted the Decentralized Finance (DeFi) sector, with several high-profile projects suffering significant losses.

On October 30, the Bitcoin peer-to-peer protocol Garden Finance reported an exploit of more than $10 million after one of its solvers was compromised. Around the same time, the DeFi lending platform Abracadabra experienced its third exploit since launching, resulting in losses of approximately $1.8 million in MIM stablecoins due to a smart contract vulnerability that allowed hackers to bypass solvency checks.

Earlier in the month, on October 15, Typus Finance fell victim to an oracle manipulation attack that drained roughly $3.4 million from its liquidity pools. The attack, traced to a flaw in one of its TLP contracts, also caused the project’s native token price to fall by about 35%.