The compromise comes nearly two years to the day after a similar attack took down their front-ends in November, 2023. The compromise comes nearly two years to the day after a similar attack took down their front-ends in November, 2023.

Top DEXs Aerodrome, Velodrome hit with front-end compromise, urge users to avoid main domains

2025/11/23 02:57

Aerodrome, the top decentralized exchange (DEX) on Ethereum Layer 2 network Base, and Velodrome, the top DEX on Optimism, suffered a front-end compromise early Saturday morning (ET) and urged users to use decentralized mirrors to access both platforms. 

Both projects said they are investigating the DNS hijack of their centralized domains, and reassured users that the platforms' underlying smart contracts remain secure, in posts on X. A DNS hijack typically allows an attacker to redirect users to a scam website, even if they type in the correct domain, such as Velodrome.finance, Velodrome.box, and the Aerodrome equivalents. 

Though the fraudulent website could be accessed in the morning, by Saturday afternoon at time of publication, the fraudulent website was no longer loading, suggesting a fix is in progress. In a post, Velodrome's X account had asked domain provider My.box to contact them for assistance, though the post was later deleted. The Block could not immediately reach Velodrome or Aerodrome for further comment. 

Curiously, the attack comes nearly two years after a similar attack took down both platforms' front-ends on Nov. 29, 2023. Blockchain sleuth ZachXBT estimated the losses from that compromise at over $100,000, and identified domain registrar Porkbun as the culprit, following another attack days later.  

Dromos Labs, the organization behind Velodrome, recently announced it would unify the two sister protocols into a single platform dubbed "Aero." The platform is expected to launch in the second quarter of 2026, and will unify the platforms' existing tokens into the single AERO token, which will "serve as a claim on the productive capacity" of both exchanges. 


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

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The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14