Balancer Frontend Hit By DNS Attack, Over $250K Stolen
The hackers have moved a portion of the stolen funds to the MEXC exchange and bridged funds to Ethereum and Bitcoin.
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The hackers have moved a portion of the stolen funds to the MEXC exchange and bridged funds to Ethereum and Bitcoin.
DeFi liquidity protocol Balancer is staring down yet another security vulnerability, this time targeting its user interface.
Around $240,000 worth of digital assets have been stolen through a frontend compromise of DeFi protocol Balancer, according to blockchain security firm Peckshield. Earlier today, Balancer confirmed that its front end was under attack and urged users to avoid interacting with the interface until further notice.
Balancer, facing its second attack, lost $238,000 in crypto. Despite earlier warnings, hackers exploited the platform, leaving users concerned about its stability and security.
In a concerning turn of events, Balancer , the Ethereum-based decentralized finance (DeFi) protocol, has issued a stern warning to its users to steer clear of its platform. The caution comes in the wake of a front-end attack that has put user funds at risk and resulted in the theft of approximately $238,000 worth of cryptocurrency.
The team behind the protocol has confirmed the attack and urged users to avoid interaction with the project's interface.
On-chain data appears to show the attacker has stolen over $200,000 from users.
Ethereum-based decentralized exchange Balancer suffered a domain name system attack on its front-end website, the team confirmed.
In a distressing development for the cryptocurrency community, the Ethereum-based decentralized finance (DeFi) protocol, Balancer, recently faced a serious security breach. This comes just weeks after Balancer warned its users of a critical vulnerability.
Balancer, an Ethereum-based decentralized finance (DeFi) automated market maker (AMM) protocol, has warned users to avoid its website following an attack on its frontend.
An announcement was made to the Balancer community urging them to refrain from interaction with the Balancer user interface until an all-clear notice has been issued.
Balancer suffers a second attack roughly one month after losing almost $1 million.
The decentralized finance (DeFi) protocol Balancer has been attacked in what appears to be the latest industry exploit. The protocol alerted users of the incursion, warning them not to interact with it.
DeFi protocol Balancer is facing another attack on its frontend, urging users to avoid its website. The extent of the breach is under investigation, with a possible $238,000 in crypto stolen.
The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice.
DeFi exploits resulted in losses of over $16 million in August.
The decentralized financial system, Balancer, had a security breach which resulted in an approximate loss of $900,000. This information was made public on X, a prominent social platform, on August 27.
Decentralized exchange Balancer has suffered a hack in which it lost nearly $1m.
Balancer has fallen victim to an exploit during the weekend, occurring in the aftermath of the team's disclosure of a critical vulnerability that impacted a selection of its V2 pools.
TVL continues to sink, while some projects announce airdrops and incentivized testnets. Read on to find out more DeFi news and alpha!
Decentralized exchange Balancer lost ~$2.1M due to flashloan attacks. Users advised to withdraw affected LPs.
PeckShield Inc. has reported a $2.1 million loss on the Balancer platform, affecting multiple pools across Ethereum, Fantom Foundation, and Optimism Foundation. The loss, including Beethoven X, is believed to be miscalculated.
In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a critical vulnerability impacting multiple Pools. The attack, which took place on August 27, resulted in a loss of nearly $1 million for Balancer.
DeFi liquidity protocol Balancer suffered an exploit following the discovery of a critical vulnerability in its v2 pools last week.