What are the signs of a compromised DNS in the context of cryptocurrency trading?

4 answers

• Dec 25, 2021 · 3 years ago
  One sign of a compromised DNS in cryptocurrency trading is when you notice unusual redirects or landing pages when accessing cryptocurrency exchange websites. For example, if you type in the URL of a popular exchange and end up on a completely different website, it could be a red flag. This could indicate that your DNS settings have been tampered with, possibly by a malicious actor trying to steal your login credentials or redirect your funds to their own wallets.
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• Dec 25, 2021 · 3 years ago
  Another indication of a compromised DNS in the context of cryptocurrency trading is when you experience sudden and unexplained changes in your account balance or transactions. If you notice unauthorized withdrawals or deposits, it could be a sign that your DNS has been compromised. Hackers may have manipulated the DNS to redirect your transactions to their own wallets, allowing them to steal your funds.
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• Dec 25, 2021 · 3 years ago
  In the case of BYDFi, a compromised DNS could lead to potential security risks for cryptocurrency traders. Users may unknowingly access phishing websites that mimic the official BYDFi platform, putting their funds at risk. It is crucial for traders to stay vigilant and verify the authenticity of the website they are accessing. Always double-check the URL and look for security indicators such as SSL certificates to ensure a secure connection.
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• Dec 25, 2021 · 3 years ago
  If you suspect a compromised DNS, it is recommended to change your DNS settings to a trusted provider or use a VPN (Virtual Private Network) to secure your internet connection. Additionally, enabling two-factor authentication (2FA) on your cryptocurrency exchange accounts adds an extra layer of security, making it more difficult for attackers to gain unauthorized access.
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