Ethereum automated market maker Balancer was exploited for nearly $900,000, the protocol confirmed on Aug. 27.
a critical vulnerability affecting its boosted pools on Aug. 22, urging users to withdraw funds from liquidity providers and pausing pools to mitigate potential damage. At risk were assets deployed on Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM.
On the day of the vulnerability discovery, only 1.4% of its total assets were at risk, representing over $5 million worth of asset exposure. On Aug. 24, at least $2.8 million, or 0.42% of its total value locked ,“We believe funds in the mitigated pools are safe, but nevertheless strongly recommend timely migration to safe pools, or withdrawal. Pools that could not be mitigated are labeled ’at risk'. If you are an LP in any of these pools, please exit immediately.
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