The LayerSwap website was compromised on March 20th, as multiple sources reported the site being hacked, warning users against connecting their wallets due to a likely phishing drainer and advising not to click on any links. The issue stemmed from a breach of their GoDaddy account around 7:40 PM UTC, affecting not only the website but also their Twitter account. LayerSwap announced they had regained control of their website late on March 20th and assured that operations would resume smoothly soon, committing to returning all lost funds to the affected users. An update on March 21st confirmed that LayerSwap had successfully regained domain access after the hijack incident, which resulted in a financial loss of $100,000 for users.