DNS Hijacking is when someone gains access to your domain and points it somewhere else.
Apparently, Google has not yet turned on the ability for domains not to be transfered which is usually on by default or can be turned on.
Two factor was also disabled during the transition period.
Seems as though Squarespace hasn’t done anything about these issues but they can help get the domains back up and running on their platform.
Since I’m not versed on the crypto aspect, I’ll leave it to someone else to comment on that.
DNS hijacks target crypto platforms registered with Squarespace is the article here.
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