Many crypto projects are currently at risk of exploitation following the hack of IT service management company Squarespace. As a company that offers Software-as-a-Service (SaaS) to crypto projects, the Squarespace hack has exposed more than 105 Web3 platforms.
Squarespace Hack: the Fallout
The crypto industry woke up to the news of the Compound Finance website hack. While not much of a hassle except for the initial inconvenience of accessing the site, users’ funds were deemed safe. The same fate that befell Compound Finance is also posing a threat to inter-layer communication protocol Celer Network.
Besides these two protocol, crypto users are advised to steer clear of Pendle Finance, DYDX Exchange, and Mendi Finance. After sustained growth trends seen over the past few weeks, the Squarespace Hack is also a threat to Polymarket. The prediction marketplace is also at risk as Squarespace powers the platform.
Hacks and exploits are not uncommon in the digital currency ecosystem. As prev
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