Monday, April 29, 2024

DeFi protocol Balancer frontend is under attack, $238K crypto stolen


Balancer, an Ethereum-based decentralized finance protocol has confirmed its consumer interface is at the moment “beneath an assault.”

The platform notified its group on Sept. 19 at 11:49 pm UTC, urging customers to not work together with Balancer’s protocol till additional discover.

Balancer mentioned the main points of the assault are beneath investigation. The agency hasn’t confirmed whether or not consumer funds are protected at this cut-off date.

Nonetheless, blockchain safety companies together with PeckShield and blockchain analyst ZachXBT estimated no less than $238,000 in crypto has been stolen. 

Associated: Breaking: ‘All funds are at risk’ — Steadefi exploited in ongoing attack

That is the second theft from Balancer in a month, after it warned of a critical vulnerability on Aug. 22, which resulted in a $2 million exploit a number of days later.

Customers trying to entry the Balancer web site is met with a warning signal:

Balancer’s web site as of Sept. 20 at 1:04 am UTC. Supply: Balancer

This can be a growing story, and additional data will probably be added because it turns into out there.

Journal: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon