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, blockchain security firms including PeckShield and blockchain analyst ZachXBT estimate that at least $238,000 in cryptocurrency was stolen.
#PeckShieldAlert @balancer Its frontend was reportedly attacked and approximately $238,000 worth of cryptocurrency was stolen https://t.co/aAaj0Xqery pic.twitter.com/YDIjfnNYM4
— PeckShieldAlert (@PeckShieldAlert) September 20, 2023
related: BREAKING: ‘All funds are at risk’ – Steadefi exploited in ongoing attack
This is the second theft from Balancer in a month, after the company warned of a critical vulnerability on August 22 that resulted in a $2 million loss days later.
Users trying to access the Balancer website will encounter warning signs:
This is a developing story and more information will be added as it becomes available.
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