Balancer vulnerability update: 1.4% of TVL is at risk, and only Boosted Pools are affected

2023-08-23 07:36:22

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ChainCatcher news, Balancer's official Twitter has released the latest update stating that most of the funds on Balancer are safe, with only 1.4% of the TVL at risk, and only the Boosted Pools are affected. To reduce risk, some liquidity pools have been paused, and users are advised to withdraw their liquidity as soon as possible.

Prior to this, Balancer also published a related vulnerability report on the community forum, indicating that it has been able to mitigate over 80% of the financial risks caused by the V2 pool vulnerabilities, with the remaining at-risk funds accounting for about 4% of Balancer's TVL. As of now, this vulnerability has not been exploited, and there have been no financial losses. In response, the emergency SubDAO 92 has taken action to allow proportional withdrawals from all affected pools.

Previous news, Balancer stated that it has received a serious vulnerability report affecting multiple V2 pools. Emergency mitigation procedures have been implemented to ensure the safety of most of the TVL, but some funds still face risks. Users are advised to withdraw the affected LPs immediately.

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Balancer Balancer Labs BAL

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