One of the leading decentralized finance (DeFi) protocols, Balancer Protocol – an Ethereum-based automated market maker (AMM), has recorded the second hack in less than a month. In the ongoing hack, cybercriminals have hijacked the front-end website of the DeFi protocol to rob users’ wallets by forcing them to approve malicious contracts. 

The Balancer Protocol affirmed the recent hack through its X account (previously known as Twitter) around 11:50 PM UTC on September 19. The DeFi protocol prohibited users from accessing its official website balancer.fi, until the team solves the issue and confirms via a notice. 

Blockchain Security Firms Confirm The Stolen Amount

Though Balancer Protocol didn’t disclose any loss of funds, blockchain security firms were on their toes to …