Vulnerability attack

Balancer: Mitigation measures have been developed for the vulnerabilities, but the affected liquidity pools cannot be paused, and the exact losses cannot be disclosed at this time

ChainCatcher news, the DeFi liquidity protocol Balancer has released an update regarding vulnerability risks, stating that it has developed mitigation procedures to reduce risks, but the affected liquidity pools cannot be paused, urging users to exit the affected LPs immediately using the user interface (UI). Due to the vigilance and swift actions of Balancer LPs, the vast majority of liquidity initially deemed vulnerable has been withdrawn. However, on August 27, five days after the vulnerability disclosure, malicious actors successfully exploited a portion of the funds still vulnerable in the affected pools within the Balancer and Beethoven X protocols.In addition, the Balancer and Beethoven X communities are taking known measures to thoroughly investigate the situation and are actively collaborating with relevant partners, legal teams, and security experts to resolve the issues. User safety remains the highest priority; if the UI does not prompt users to exit the liquidity pool or allow users to enter the liquidity pool, then that pool is considered safe and without risk. Balancer stated that it is currently unable to disclose exact figures related to the losses and will remain vigilant, following up on the latest developments regarding the exploit. Until a comprehensive investigation is completed and a post-analysis is released, the information that can be shared with the community remains limited.
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