Aerodrome completes domain migration, restores service and upgrades security after Nov.21 hijack
Aerodrome announced that its domain migration has been completed and is now live with enhanced security protocols. The move follows a November 21 domain hijacking that was mitigated within four hours; affected users suffered roughly $700,000 in losses, limited to those who connected and signed transactions on the malicious site. Major wallets such as MetaMask and Coinbase Wallet issued warnings within two minutes of the first malicious transaction. Aerodrome says it worked with security advisors and its registrar on remediation, and planned the migration and re-opening of the domain. The Aero and Velo foundations are coordinating plans to provide proportional reimbursements to affected users. Key points for traders: domain compromise led to user-level losses (about $0.7M), rapid wallet warnings limited exposure, and the project has implemented enhanced security and a full domain migration to restore trust.
Neutral
The incident is operational and security-focused rather than protocol-level or token-economic. Losses were limited (~$700k) and restricted to users who signed malicious transactions, and major wallets alerted users quickly — factors that contained systemic risk. The project’s completion of domain migration and deployment of enhanced security protocols, plus planned reimbursements, should help restore user trust. Short-term effects: heightened caution, potential temporary sell pressure on project-related tokens or decreased user activity as trust is rebuilt. Long-term effects: limited — assuming the migration and compensation are executed cleanly, market impact should be muted; similar past domain-hijack events (where swift mitigation and reimbursements occurred) produced only short-lived negative sentiment rather than sustained market downturns. Traders should watch on-chain flows, token liquidity, and official communications for signs of follow-through on compensation and any residual phishing attempts.