Balancer, an Ethereum-based decentralized financial protocol, has confirmed that its user interface is currently “under attack.”
The platform notified its community on September 19 at 11:49 pm UTC, urging users not to interact with the Balancer protocol until further notice.
The balancer interface is under attack. The matter is currently under investigation. DO NOT interact with the balancer user interface until further notice!
- Balancer (@Balancer) September 19, 2023
Balancer said the details of the attack are under investigation. The company has not confirmed whether user funds are safe at this time.
However, blockchain security companies, including PeckShield and blockchain analyst ZachXBT, estimated that at least $238,000 worth of cryptocurrency has been stolen.
#PeckShieldAlert @Rocker has reported that, under an attack, ~$238 thousand worth of cryptocurrencies were stolen https://t.co/aAaj0Xqery pic.twitter.com/YDIjfnNYM4
- PeckShieldAlert (@PeckShieldAlert) September 20, 2023
Related: Breaking: 'All funds at risk': Steadefi exploited in ongoing attack
This is the second Balancer robbery in a month, after warned of a critical vulnerability on August 22, resulting in a $2 million exploit several days later.
Users trying to access the Balancer website encounter a warning sign:
This is a developing story and more information will be added as it becomes available.
Magazine: Recursive Inscriptions: Bitcoin and BTC DeFi 'Supercomputer' Coming Soon
Post navigation
