{"id":181556,"date":"2023-09-20T01:39:18","date_gmt":"2023-09-20T01:39:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181556"},"modified":"2023-09-20T01:39:18","modified_gmt":"2023-09-20T01:39:18","slug":"defi-protocol-balancer-frontend-is-under-attack-users-urged-to-stay-away","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/defi-protocol-balancer-frontend-is-under-attack-users-urged-to-stay-away\/","title":{"rendered":"DeFi protocol Balancer frontend is under attack, users urged to stay away"},"content":{"rendered":"
Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.”<\/p>\n
The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice.<\/p>\n
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>\n
However, one blockchain analyst, ZachXBT claims $238,000 was stolen within the first 30 minutes of Balancer breaking the news.<\/p>\n
Related: <\/strong><\/em>Breaking: \u2018All funds are at risk’ \u2014 Steadefi exploited in ongoing attack<\/em><\/strong><\/p>\n 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>\n Cointelegraph attempted to access Balancer’s website but was hit with a warning sign:<\/p>\n <\/p>\n This is a developing story, and further information will be added as it becomes available.<\/p>\n Magazine: Recursive inscriptions: Bitcoin \u2018supercomputer\u2019 and BTC DeFi coming soon<\/em><\/strong><\/p>\n