The decentralized exchange aggregator CoW Swap has warned users to stay away from its platform after its domain was hijacked in a suspected DNS attack. In a public update, the decentralized autonomous organization behind the protocol confirmed that the incident affected its main website, forcing the shutdown of backend services and APIs while the issue is being investigated.
According to the announcement, the attack targeted the platform’s frontend through domain manipulation, creating a risk of phishing or malicious transactions. The team stated it is actively working to restore control and advised users not to access the platform until an official confirmation declares it safe.
Token Price Reaction and Industry Security Context
Following the security alert, the COW token declined more than 3%, falling to about $0.2159 from roughly $0.2229. DNS hijacking incidents have previously impacted several decentralized finance platforms, highlighting persistent vulnerabilities within web-based infrastructure.
Security concerns remain elevated across the industry, with blockchain security data showing approximately $482 million lost to Web3-related hacks and scams during the first quarter of 2026, with phishing attacks accounting for the majority of incidents.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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