BREAKING: Balancer V2 Pools Under Threat, LP Users In Race Against Time To Withdraw Funds | Headlines | News | CoinMarketCap
08/23/2023 00:07
Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting …
Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools.
While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk.
As a precautionary measure, Balancer Labs advises users to withdraw their affected Liquidity Provider (LP) funds without delay. It is important to note that, at present, no funds have been lost, and the vulnerability has not been exploited.
Balancer Discovers Critical Vulnerability
According to the announcement, Balancer Labs promptly executed emergency mitigation procedures upon receiving the critical vulnerability report, successfully …