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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.
Less than a week after the team first announced the vulnerability, DeFi project Balancer has been exploited for roughly $979,000.
Although the team was well aware of a vulnerability in the systems, they failed to patch it on time.
Decentralized exchange Balancer confirmed that its V2 pools were exploited for an undisclosed sum despite its previous warning about vulnerabilities. In an Aug. 27 post on its official X account, the Ethereum-based protocol revealed that its mitigation procedure was able to minimize the impact of the exploit.
In a recent incident, the Ethereum-based automated market maker and decentralized finance protocol, Balancer, fell victim to an exploit that resulted in the loss of nearly $900,000. The breach occurred shortly after the protocol had disclosed a vulnerability affecting multiple pools.
The attacker managed to transfer Dai stablecoins twice. The initial transfer was $636,812, followed by a subsequent transfer of $257,527, aggregating to a total stolen amount of around $900,000.
Balancer Protocol has lost over $900,000 worth of crypto assets following an attack on its V2 liquidity pools.
The protocol confirmed the DeFi hack on 27 August and urged affected users to withdraw from impacted liquidity pools.
The confirmation of an exploit came a week after Balancer disclosed a critical vulnerability in some V2 pools.
The decentralized finance protocol, Balancer, suffered an exploit attack for nearly $900,000 in just a few days after a critical vulnerability was discovered. On Aug.
Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools.
DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools.
The total value locked (TVL) on Balancer (BAL) dropped by more than $200 million over a period of 24 hours after the decentralized finance (DeFi) protocol advised users to withdraw liquidity as a precautionary measure.
In a close call that could have resulted in a catastrophic event for the decentralized finance (DeFi) protocol, Balancer has warned that $2.8 million remains at risk following the discovery of a critical vulnerability on August 22.
