In an official announcement on X, the user interface of the Balancer protocol has been compromised by a hack. While investigating the issue, Balancer has advised users to temporarily refrain from engaging in any related transactions.
Most recently, in a notice issued at 6:49 AM on September 20, 2023 (Vietnam time), the DeFi protocol Balancer sent out a brief message about their user interface (frontend) being under attack. They urged users not to interact with the protocol at this time and to wait for further updates.
Currently, there is no precise information available regarding the extent of the damage caused by this Balancer hack. Balancer has stated that they are actively investigating the details of the attack. The company has not confirmed whether users’ funds are secure at this moment. However, as shared by ZachXBT, it appears that approximately $238,000 was stolen within just the first 30 minutes after Balancer issued the announcement to the community.
This marks the second time in 2023 alone that the Balancer protocol has fallen victim to a hack. Not long ago, on August 22, 2023, less than a month ago, another attack targeted the protocol and resulted in losses of up to $2 million USD.