CoW Swap Temporarily Halts Services Due to Security Breach

CoW Swap, a popular decentralized trading platform, has experienced a security breach. On Tuesday, the platform detected a DNS hijacking incident that affected its website.

The DNS hijacking attack allows attackers to redirect users from a legitimate domain to a malicious lookalike site. This can lead to crypto wallets being drained or private data being harvested.

While the protocol's underlying infrastructure was not directly compromised, both were paused as a precaution. The team is working to resolve the issue and ensure the platform's security.