Ethereum-based decentralized automated marker maker (AMM) Balancer has warned users not to interact with the platform’s user interface following an attack on the protocol’s frontend.
Balancer recently suffered a hack resulting in the loss of almost $1 million.
- Tweeting about the incident, Balancer said that the team is investigating the attack and warned users to stay away from the protocol until further notice.
The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice!
— Balancer (@Balancer) September 19, 2023
- While the firm is yet to give more details about the attack and state if funds were affected, on-chain sleuth ZachXBT said that the attacker had already stolen more than $238,000 shortly after Balacer’s warning.
Stolen funds are being directed to this address
~$238k stolen so far pic.twitter.com/rwMybBaLoA
— ZachXBT (@zachxbt) September 20, 2023