ZachXBT

Balancer

<div class="sg-post-des">
  The platform notified its community on Sept. 19 at 11:49 pm UTC, urging <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> to not interact with Balancer's <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> until further notice. 
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<div class="cointelegraph"> 
 <p>Balancer, an Ethereum-based decentralized finance <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> has confirmed its user interface is currently "under an <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>."</p> 
 <p>The platform notified its community on Sept. 19 at 11:49 pm UTC, urging <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> to not interact with Balancer's <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> until further notice.</p> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr">The balancer <a rel="noopener noreferrer nofollow" title="frontend" href="https://thebittimes.com/tag/frontend.html">frontend</a> is under an <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice!</p>— Balancer (@Balancer) September 19, 2023 
 </blockquote> 
 <p>Balancer said the details of the attack are under investigation. The firm hasn't confirmed whether user funds are safe at this point in time.</p> 
 <p>However, one blockchain analyst, ZachXBT claims $238,000 was stolen within the first 30 minutes of Balancer breaking the news.</p> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr">Stolen funds are being directed to this address<br><br>0x645710Af050E26bB96e295bdfB75B4a878088d7E<br><br>~$238k stolen so far pic.twitter.com/rwMybBaLoA</p>— ZachXBT (@zachxbt) September 20, 2023 
 </blockquote> 
 <p>This 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 several days later.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/defi-protocol-balancer-frontend-is-under-attack-users-urged-to-stay-away-tbt63316.html">https://thebittimes.com/defi-protocol-balancer-frontend-is-under-attack-users-urged-to-stay-away-tbt63316.html</a></p>

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

TheBitTimes

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