Balancer Hacked for $870K as Vulnerability Exploited

Aug 27,2023,23:27

Balancer announced that the critical vulnerability it disclosed recently, which affected a number of V2 Pools, has been exploited. Though its mitigation procedures have drastically reduced risks, the affected pools can't be paused, and users need to withdraw from affected LPs to prevent further exploits.

According to Beosin, Balancer was under multiple flashloan attacks. The total losses have reached $870k.

Related: Critical Vulnerability Detected in Balancer V2 Pools, No Funds Lost Yet

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