Balancer Urges Users to Avoid Its Website Amid Frontend Attack
Decentralized finance (DeFi) protocol Balancer has issued a warning to users, advising them to refrain from interacting with its website due to an ongoing attack on its frontend.
The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice!
— Balancer (@Balancer) September 19, 2023
Attack Under Investigation, User Funds Potentially at Risk
ALERT: An attacker has compromised @Balancer's frontend.
— The Defiant (@DefiantNews) September 20, 2023
The Balancer team has advised users not to interact with the interface, but has added on Discord that the smart contracts are safe.
Read more: https://t.co/bufYPKSlXr pic.twitter.com/ilb8Zw8BJd
Balancer's team is currently investigating the details of the attack and has not confirmed whether user funds have been impacted. However, blockchain security firms estimate that at least $238,000 in cryptocurrency has been stolen.
Previous Vulnerability and Recent Exploits
This marks the second attack on Balancer within a month. In late August, the protocol warned of a critical vulnerability and subsequently suffered an estimated $2 million exploit related to the vulnerability shortly afterward.
