Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools.

Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the alleged attacker. Subsequent to the exploit, this address received two transfers of the Dai (DAI) stablecoin, amounting to $636,812 and $257,527 respectively.

According to Dolev, the account affected over $893,978 in balance.

Through a statement on the social platform X, formerly known as Twitter, the Balancer team acknowledged the situation. They stated, “Balancer is aware of an exploit related to the vulnerability …