DeFi protocol Balancer frontend is under attack, users urged to stay away


20 Sep 2023 12:48 AM

Ethereum-Based DeFi protocol Balancer has urged its users to not interact with the platform due to an attack on the Balancer's frontend. The protocol is still investigating the routes of the attack....

  • Balancer, an Ethereum-based decentralized finance protocol, has confirmed that its user interface is currently under attack.
  • The platform has notified its community to not interact with Balancer's protocol until further notice.
  • Balancer is investigating the details of the attack and has not confirmed the safety of user funds.
  • A blockchain analyst claims that $238,000 was stolen within the first 30 minutes of Balancer announcing the attack.
  • This is the second theft from Balancer in a month, following a previous vulnerability that resulted in a $2 million exploit.

The sentiment of this article is negative due to the reported attack on Balancer's user interface and the theft of funds. The vulnerability and subsequent exploit mentioned also contribute to the negative sentiment.

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You May Ask

What is Balancer?What type of attack is Balancer's user interface currently facing?Should users interact with Balancer's protocol during this time?Are user funds safe on Balancer's platform?How much money was stolen during the attack on Balancer?

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