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Security report for frax.finance

Frax Finance · Finance · N/a

Medium risk. 8 critical or high findings in Security headers, GDPR outside view and 1 other check.

Security score

69/100

Risk levelMedium

0–100, higher is better. How it is calculated

Frax Finance operates as a leading innovator in the stablecoin and blockchain infrastructure space, offering the frxUSD stablecoin backed by tokenized U.S. Treasury assets and supported by institutional partners such as BlackRock and Superstate. Their ecosystem includes the Fraxtal blockchain and FraxNet platform, enabling minting, redeeming, and yield earning on frxUSD. The company targets crypto investors, DeFi users, and developers seeking scalable financial infrastructure. Technically, the website is modern, responsive, and well-structured, leveraging JavaScript frameworks and SVG graphics for a rich user experience. Security posture is moderate with domain protections in place but lacks explicit security headers and published security policies. Privacy compliance is weak due to missing privacy and cookie policies. Overall, the website projects high professionalism and trustworthiness with room for improvement in transparency and security disclosures.

Scanned

NIS2 and GDPR posture

GDPR outside view
35/ 100 · High
Checks completed
7of 7

NIS2 Art. 21(2)

  1. (a) Risk analysis and security policies: Not visible from outside
  2. (b) Incident handling: One indicator
  3. (c) Business continuity, backups and crisis management: Not visible from outside
  4. (d) Supply chain security: Not visible from outside
  5. (e) Secure acquisition, development and maintenance, including vulnerability handling: Partly checked
  6. (f) Assessing the effectiveness of security measures: Not visible from outside
  7. (g) Cyber hygiene and security training: Not visible from outside
  8. (h) Cryptography and encryption: Partly checked
  9. (i) HR security, access control and asset management: One indicator
  10. (j) Multi-factor authentication and secured communications: Not visible from outside

This scan rated NIS2 with an earlier keyword method that is no longer shown; rescan for the per-article view. Risk management, continuity, supply chain, training, MFA, management oversight (Art. 20) and incident reporting (Art. 23) need internal evidence, and Guard cannot tell whether NIS2 applies to this organisation.

GDPR is indicative only, based on publicly visible signals: Articles 7, 12, 13 and 32 of Regulation (EU) 2016/679 and Article 5(3) of the ePrivacy Directive. Not a certification or legal assessment.

Priority findings

8 findings rated critical or high. Fix these first.

  1. Security headers

    Security headers are instructions your web server sends to every visitor’s browser. Missing ones leave visitors more exposed to attacks such as clickjacking and injected scripts.

    • High

      Missing Strict-Transport-Security header

      Forces HTTPS connections

      What to do: Add "Strict-Transport-Security: max-age=31536000; includeSubDomains; preload"

      • CWE-319
      • OWASP A04:2025
      • ASVS V3.4.1
    • High

      Missing X-Frame-Options header

      Prevents clickjacking attacks

      What to do: Add "X-Frame-Options: DENY" or "X-Frame-Options: SAMEORIGIN"

    • High

      Missing Content-Security-Policy header

      Controls resources the browser is allowed to load

      What to do: Implement a Content-Security-Policy appropriate for your application

      • ASVS V3.4.3
      • OWASP Secure Headers: OWASP Secure Headers Project recommends Content-Security-Policy: default-src 'self'; form-action 'self'; base-uri 'self'; object-src 'none';…

  2. GDPR outside view

    These are the privacy signals visitors and data protection authorities look for under GDPR.

    • High

      No Privacy Policy found

      GDPR requires a clear and accessible privacy policy

      What to do: Add a comprehensive privacy policy page and link to it prominently

    • High

      No Cookie Policy found

      GDPR requires clear information about cookie usage

      What to do: Add a dedicated cookie policy explaining cookie usage and purposes

Need hands-on remediation? Email guard@offseq.com

Keep watching frax.finance

This scan found 18 issues across 6 checks. Monitoring re-runs those checks daily, emails you when something material changes and records each fix, so you can show progress.

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  • TLS certificates and expiry
  • DNS records
  • SPF, DKIM and DMARC
  • Security headers
  • GDPR and NIS2 posture
  • Exposed services
  • Third-party trackers
  • Security score drift

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Results by check

Each check with its score, findings and the evidence it collected.

How this score is calculated

The security score runs 0–100, higher is better. It is the plain average of the security checks that completed in this scan, each counted equally. A check that could not run is left out: it counts neither as a pass nor as a fail.

Counted in this score

SSL/TLS
75
Security headers
30
Email security
85
DNS health
90
Network security
100
GDPR outside view
35
Average
69

Not counted

  • NIS2 outside view: Re-weights evidence from the TLS, email, DNS, network and hygiene checks, so counting it would count that evidence twice. Shown on its own.
  • OffSeq Observations: An AI reading of the site, useful context but not reproducible evidence. Shown on its own.

Findings that cap the score at 49

Each of these is serious on its own, so while any is present the site cannot rate better than high risk, however good the other checks are.

  • The certificate is not trusted by browsers
  • The website is not served over HTTPS
  • A database, remote desktop, file-sharing or Telnet service is reachable from the internet
  • The page loads a script from a compromised source
  • The domain registration has expired
  • SPF authorises every server to send mail as the domain

Partial scans

When the site blocks Guard or most checks cannot run, the score covers only the checks that ran (usually DNS and email), is capped at 75 and is shown as partial, without a risk level.

Risk levels

  • Critical0–25
  • High26–49
  • Medium50–75
  • Low76–100

Technical appendix

Business context, site observations and technical notes gathered during the scan, and the standards behind each reference.

Business context

Business profile

Frax Finance holds a strong market position as a provider of scalable stablecoin infrastructure and blockchain technology. Their business model revolves around stablecoin issuance, blockchain platform development, and DeFi services. The company benefits from high-profile partnerships with financial institutions and tokenization platforms, enhancing credibility and market reach. Revenue streams likely include stablecoin minting fees, blockchain transaction fees, and yield platform participation. The target customer segments include institutional investors, retail crypto users, and blockchain developers. Growth indicators include recent launches of frxUSD and Fraxtal blockchain, and active engagement with the crypto community via social media and developer documentation. The partnership ecosystem is robust, involving BlackRock, Securitize, Superstate, and others, indicating strategic alliances to scale adoption.

Security posture

The security maturity level is moderate. The domain is registered with a reputable registrar and has domain status protections to prevent unauthorized changes. However, the website lacks visible security headers such as Content-Security-Policy and X-Frame-Options, which are important for mitigating common web attacks. No explicit incident response or vulnerability disclosure information is published, which could hinder timely security issue reporting. Privacy policies and cookie consent mechanisms are absent, raising compliance concerns. No exposed sensitive data or vulnerable libraries were detected in the provided content. The absence of security.txt or similar files limits transparency in security practices. Overall, while foundational security measures exist, the site would benefit from enhanced security disclosures and technical hardening.

Recommendations

  1. Publish comprehensive privacy and cookie policies to improve compliance and user trust.
  2. Implement and disclose a formal security policy and incident response plan on the website.
  3. Add security headers such as Content-Security-Policy, X-Frame-Options, and Strict-Transport-Security.
  4. Enable DNSSEC for the domain to enhance DNS security and prevent spoofing.
  5. Create and maintain a vulnerability disclosure program or security.txt file to facilitate responsible reporting.
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
Frax Finance
Description
Frax is building the world's most scalable stablecoin infrastructure for the next generation of finance, including the frxUSD stablecoin backed by institutional-grade tokenized U.S. Treasury funds and powered by partners like BlackRock and Superstate. They also develop the Fraxtal blockchain and FraxNet platform for minting, redeeming, and earning yield on frxUSD.
Key services
frxUSD stablecoin issuance, Fraxtal blockchain development, FraxNet minting and yield platform, Developer tools and native apps
Content quality
excellent
Branding
consistent

Technology

Stack
JavaScript, SVG, EVM blockchain, Video background, CSS variables
Platforms
Web
Performance
fast
Mobile
excellent
Accessibility
good
SEO
good

Security

Observed score
75/100
Good practices seen
  • Domain status includes clientDeleteProhibited and transfer prohibitions
  • Use of HTTPS implied by URL

Analytics and tracking

Tracking level
minimal
Privacy practices
poor

Advertising

Transparency
poor

Site quality

Design
excellent
User experience
excellent
Content relevance
excellent
Navigation
good
Professionalism
excellent
Trustworthiness
high

Key observations

  1. Website is professionally designed with modern UI and responsive layout.
  2. Strong emphasis on transparency and institutional partnerships.
  3. No explicit privacy or cookie policies found on the homepage content.
  4. Contact available only via a contact form, no direct emails or phone numbers found.
  5. No visible security.txt or vulnerability disclosure information.
  6. No explicit security headers or meta tags indicating security policies.
  7. Multiple external links to reputable financial and blockchain partners.
  8. No advertising or tracking scripts detected in the provided HTML.
  9. Social media presence includes Twitter, Telegram, GitHub, Discord.
Technical notes

Notes

The website uses modern web technologies including JavaScript modules, SVG graphics, and CSS variables for styling. The presence of React-like modular scripts suggests a contemporary frontend framework. The site is mobile-optimized with responsive design and good accessibility features. Performance appears fast with smooth animations and video backgrounds. No CMS or hosting provider is explicitly identified. The domain is managed by MarkMonitor, a trusted registrar for enterprise domains. Technical risks include lack of DNSSEC and missing security headers, which could expose the site to DNS attacks and web-based exploits. The absence of privacy and cookie policies also indicates technical and compliance gaps. Overall, the technical infrastructure is solid but could be improved with enhanced security and compliance features.
Standards and sources

Reference chips under each finding point to the standard, regulation or specification the finding relates to. They are taken from the official datasets below and mapped conservatively: a finding with no defensible link shows none. NIS2 and GDPR references mark where a finding is relevant evidence, not a compliance verdict. Implementing Regulation (EU) 2024/2690 binds digital infrastructure and digital service providers; for other entities it is the most detailed public reading of the Article 21 measures. WCAG, EN 301 549, European Accessibility Act and Web Accessibility Directive references name the requirement an automated accessibility rule relates to; they are not a conformance verdict.

Retrieved 2026-10-25

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