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 <p class="is-style-lead">The decentralized finance protocol Balancer suffered an exploit <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> for nearly $900,000 in just a few days after a critical vulnerability was discovered.</p> 
 <p class="is-style-lead">The Balancer team said a DNS attack was the source of an issue on its interface that was discovered on Sep. 20. Per reports, hackers stole $238,000 and users were advised to avoid interacting with the project’s website.</p> 
 <p>The matter was previously under investigation, as crypto.news reported following an alert from Balancer.</p> 
 <p>According to a later update, the protocol’s domains have now been secured by the Balance DAO, a decentralized autonomous organization that manages the Ethereum-based automated market maker.</p> 
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    <p lang="en" dir="ltr">Regarding the recent DNS attack, we can confirm that the domain is now secure and back under the control of the Balancer DAO.https://t.co/kNWcQADaqa and other https://t.co/RQO6oJXEpJ subdomains are SAFE to use.<br><br>[1/2]</p>— Balancer (@Balancer) September 20, 2023 
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 <p>The team traced the attack to a compromised domain registrar and warned other projects to take necessary measures.</p> 
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   <p>After investigation, it is clear that this was a <a rel="noopener noreferrer nofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="noopener noreferrer nofollow" title="engineering" href="https://thebittimes.com/tag/engineering.html">engineering</a> <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> on EuroDNS, the domain registrar used for .fi TLDs. We are exploring deprecating the .fi TLD in order to move to a more secure registrar and suggest that other projects using the TLD do the same.</p> <cite>Balancer on X</cite> 
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 <p>Attackers infiltrated Balancer’s website with a malicious prompt that sought access to users’ non-custodial wallets. Some users fell prey and hackers stole $238,000 worth of crypto, according to on-chain investigator ZachXBT.&nbsp;</p> 
 <p>The DNS <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> brought Balancer’s total losses to $1.1 million in 30 days. Indeed, the decentralized platform previously lost $900,000 due to a critical bug exploited by hackers.</p> 
 <p>Balancer counts among several crypto service providers mobbed by exploits and cyber attacks. Centralized crypto exchanges CoinEx and Remitano both suffered hacks, losing millions of dollars in crypto.</p> 
 <p>Hackers also exploited decentralized finance (defi) protocols Arcadia Finance and Euler Finance.</p> 
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 <p>Digital asset participants and U.S. authorities believe that state-funded North Korean hacker group Lazarus was responsible for a flurry of exploits on platforms like crypto casino Stake, payments processor CoinsPaid, and wallet provider Atomic Wallet among others.</p> 
 <p>These incidents perhaps underscore security concerns from both crypto skeptics and proponents alike as the nascent industry seeks to establish itself as a legitimate industry capable of safeguarding users’ assets.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Hackers stole over $6b from DeFi protocols in 2022 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/balancer-confirms-social-engineering-attack-caused-front-end-issues-tbt63450.html">https://thebittimes.com/balancer-confirms-social-engineering-attack-caused-front-end-issues-tbt63450.html</a></p>

Balancer confirms social engineering attack caused front end issues

TheBitTimes

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