Balancer, a decentralized finance protocol based on Ethereum, has confirmed that its user interface is currently “under attack.”
The platform notified its community on September 19 at 11:49 pm UTC, urging users not to interact with the Balancer protocol until further notice.
The balancer front-end is under attack. This issue is currently under investigation. Please do not interact with the balancer UI until further notice!
— Balancer (@Balancer) September 19, 2023
Balancer said details of the attack are under investigation. The company has not yet confirmed whether user funds are safe.
However, one blockchain analyst, ZachXBT, claimed that $238,000 was stolen within the first 30 minutes of Balancer breaking the news.
Stolen funds are being directed to this address
0x645710Af050E26bB96e295bdfB75B4a878088d7E
Approximately $238,000 has been stolen so far pic.twitter.com/rwMybBaLoA
— ZachXBT (@zachxbt) September 20, 2023
This is the second theft from Balancer in a month, after the company warned of a critical breach on August 22 that resulted in a $2 million loss days later.
This is a developing story and more information will be added as it becomes available.
Svlook
