Frax confirms no exposure to PHP, Node.js, Railway alerts
Frax Finance said it reviewed its infrastructure following today's security alerts affecting PHP, Node.js, and Railway, and confirmed no exposure. The team stated that Frax products and user funds remain safe, as they have throughout the protocol's 5+ years of operation.
- No infrastructure changes or user action required per the announcement
- Frax framed the review as part of its ongoing security posture
Frax
Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
