Users lost approximately $700,000 in the Aerodrome domain hijacking incident.

According to Odaily Planet Daily, Aerodrome disclosed that in a previous domain hijacking attack on the protocol, the attack was completely mitigated in less than 4 hours, and the user lost approximately $700,000.

Reportedly, major wallets such as MetaMask and Coinbase Wallet began displaying warnings within two minutes of the first malicious transaction being detected. Losses were limited to users who connected and signed transactions while the malicious website was active.

The team is currently working with security consultants and business registrars, and the domain is expected to be migrated and reopened next week. In addition, the Aero and Velo Foundations are developing plans to provide affected users with compensation proportional to their losses.