Balancer frontend targeted in attack, resulting in theft of $238K in cryptocurrency.

Balancer, a decentralized finance protocol built on Ethereum, has announced that its user interface is currently “under attack.”

The platform alerted its community on September 19 at 11:49 pm UTC, advising users to refrain from interacting with Balancer’s protocol until further notice.

The Balancer frontend is under attack. The situation is presently being investigated. Please do NOT engage with the Balancer UI until further notice!

— Balancer (@Balancer) September 19, 2023

Balancer indicated that the specifics of the attack are still being examined. The company has not yet confirmed the safety of user funds at this time.

Nonetheless, blockchain security firms such as PeckShield and blockchain analyst ZachXBT have estimated that at least $238,000 in cryptocurrency has been taken.

#PeckShieldAlert @Balancer has reported that its frontend is under attack, with approximately $238k worth of cryptocurrencies 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 marks the second theft from Balancer within a month, following a warning about a significant vulnerability on August 22, which led to a $2 million exploit a few days later.

Users trying to access the Balancer website encounter a warning message:

Balancer’s website as of September 20 at 1:04 am UTC. Source: Balancer

This is an evolving story, and additional information will be provided as it becomes available.

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