UNKNOWN

OCTOBER 2024

GLOBAL

AMBIENT FINANCE

DESCRIPTION OF EVENTS

"Zero-to-One Decentralized Trading Protocol Faster, Easier, and Cheaper Ambient runs the entire DEX inside a single smart contract, allowing for low-fee transactions, greater liquidity rewards, and a fairer trading experience."

 

"Ambient (formerly CrocSwap) is a decentralized exchange (DEX) protocol that allows for two-sided AMMs combining concentrated and ambient constant-product liquidity on any arbitrary pair of blockchain assets.

 

Ambient runs the entire DEX inside a single smart contract, where individual AMM pools are lightweight data structures instead of separate smart contracts. This and other design decisions makes Ambient the most efficient Ethereum-based DEX in existence."

 

"Ambient is built for diversified, sustainable liquidity that fixes the broken LP economics of AMMs. It is also the only DEX to support concentrated (‘V3’), ambient (‘V2’) and knock-out liquidity in the same liquidity pool."

 

"Make your LP position a trading position – and vice versa – using our range and limit orders. Ambient combines liquidity in a single pool, allowing for greater rewards for liquidity providers, and less impact for traders."

 

"Built for traders and market makers of all kinds, Ambient introduces novel DeFi-native features and an array of quality-of-life improvements allowing for a best-in-class user experience."

 

"Scroll-based DEX protocol Ambient Finance announced on X platform that their domain has been hijacked. Until further notice, please do not interact with the Ambient Finance frontend."

 

The Scroll blockchain DEX protocol Ambient Finance announced on the X platform that its domain name has been hijacked. The team is currently working with the "seal" team and the domain registrar to resolve the issue as quickly as possible. The smart contract is fully secure, and funds are safe. However, until further notice, users are advised not to interact with the Ambient Finance frontend.

 

Previously, it was reported that the Ambient Finance DEX protocol on the Scroll blockchain (@ambient_finance) might have experienced a frontend attack. Users were warned to avoid interacting with the decentralized application (dApp) and to suspend transaction signing until the issue is resolved.

 

"The Ambient Finance domain has been hijacked. We are working with seal team and domain registrar to quickly resolve.

 

Do not use ambient dot finance until further finance."

 

"Contracts are fully secure and funds are safe. But do not interact with the Ambient Finance frontend until further notice."

 

"The Ambient Finance domain has been secured from hijacker control. Site is currently offline pending final investigation by registrar. We expect resolution shortly

 

A secure frontend has been deployed at http://croc.finance. Refrain from ambient[.]finance until all clear"

 

"Contracts and funds remain safe and secure.

 

We are urgently working on resolving claims from affected users during the frontend attack. Thank you for your patience"

 

"http://ambient.finance frontend is up and all clear and safe to interact with again

 

Domain has been fully transferred to a hardened registrar and DNS reviewed and secured

 

http://croc.finance will continue to serve an alt frontend indefinitely."

 

"Contracts and funds continue to be safe and secure.

 

Reimbursement claims for affected users should be expected soon. Extensive post mortem will follow.

 

Thanks for your patience through this."

 

"Ambient Finance has fully reimbursed all victims of the recent domain hijack phishing attack.

 

All payouts were made in ETH, because there’s no safe way to send tokens to these addresses.

 

We highly recommend that users consider these wallets burned and move the ETH to a fresh wallet before doing anything else"

Ambient Finance is a decentralized exchange which offers a variety of order types on the same exchange platform. On October 17th, users of their site were prompted to approve a new smart contract, and found that their wallets were drained as a result. This is because the DNS for their main domain name was hijacked, and set to point to a malicious copy of the website. Users who interacted with the malicious website were providing their funds to the hacker. The Ambient Finance team has subsequently recovered the domain and reimbursed all affected users for their losses in full.

Sources And Further Reading

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