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 <p class="is-style-lead">Balancer DAO, a decentralized autonomous organization governing the protocol, protocol thanked a team of security experts for their help following a DNS attack on a top level .fi domain registrar employed by Balancer.</p> 
 <p>Balancer DAO called attention to SEAL 911, a Telegram bot built during the Curve Wars that ensued following the Curve Finance <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>. The bot operates as an emergency channel that connects users and protocols to a pool of vetted defi security experts.</p> 
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    <p lang="en" dir="ltr">The Balancer DAO would like to express its heartfelt gratitude to all ecosystem members who acted swiftly and diligently to mitigate the effect of the recent DNS attack.<br><br>[1/5] pic.twitter.com/SeU43AMKPD</p>— Balancer (@Balancer) September 22, 2023 
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 <p>Balancer DAO also extended thanks to Metamask developers Nikita and Taylor Mohana (Tayvano) for Metamask block-ups deployed to mitigate further attacks.</p> 
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  <p>Alone we can do so little, together we can do so much. Through collaboration, the Balancer ecosystem continues to grow stronger in the face of adversity. Thank you!</p> <cite>Balancer DAO update</cite> 
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 <p>The DAO’s remarks follow a EuroDNS attack on Sept. 20 which resulted in losses up to $238,000 in crypto.&nbsp;</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Balancer confirms social engineering attack caused front end issues 
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 <p>As crypto.news reported, hackers hijacked Balancer’s frontend interface and sought malicious access to users’ non-custodial wallets through sophisticated social engineering.</p> 
 <p>A report from Balancer said the issue originated from a top level .fi domain registrar.</p> 
 <p>The decentralized automated market marker (AMM) protocol has repelled two attacks amid a raft of <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>s targeted at crypto operators. On Aug. 23, Balancer secured 95% of funds at risk due to a vulnerability.&nbsp;</p> 
 <p>Hackers later <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>ed the same vulnerability and managed to siphon $900,000 from the protocol.</p> 
 <p>On the surface, other protocols have suffered heavier attacks and reported greater losses. Platforms like CoinEx, Curve Finance, and Stake lost millions of dollars to <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>s.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CoinEx to resume crypto services after $70m Lazarus hack 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/balancer-dao-salutes-defi-response-team-for-aid-in-230k-ui-exploit-tbt63735.html">https://thebittimes.com/balancer-dao-salutes-defi-response-team-for-aid-in-230k-ui-exploit-tbt63735.html</a></p>

Balancer DAO salutes defi response team for aid in $230K UI exploit

TheBitTimes

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