Balancer says $2.8M still at risk after vulnerability warning

Ethereum automated marketplace shaper and decentralized concern (DeFi) protocol Balancer warned that $2.8 million, oregon 0.42% of its full worth locked (TVL), remains astatine hazard pursuing the find of a vulnerability connected Aug. 22.

According to the Aug. 24 announcement, users are asked to "withdraw ASAP" if they person connected wallets to affected liquidity supplier pools (LPs). A idiosyncratic idiosyncratic interface was established via the protocol's website to find if idiosyncratic funds were astatine risk, which past suggests to unstake, withdraw, and unwrap the affected tokens.

Selected at-risk assets see those connected the Balance mainnet, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zK-EVM.

On the time of discovery, Balancer said 4% of its $669 cardinal TVL was affected aft developers mitigated 80% of the captious vulnerability. In an Aug. 23 update, Balance said that the vulnerability had not been exploited, but astatine the time, $5.6 cardinal worthy of funds remained astatine risk. Developers stated: 

"We judge funds successful the mitigated pools (labeled "mitigated") are safe, but nevertheless powerfully urge timely migration to harmless pools, oregon withdrawal. Pools that could not beryllium mitigated are labeled "at risk." If you are an LP successful immoderate of these pools, delight exit immediately."

Cointelegraph reported connected June 2 that Balance had launched connected Ethereum layer-2 web Optimism. Balancer Labs CEO Fernando Martinelli said the Optimism deployment reflects his content that layer-2 scaling solutions volition beryllium effectual successful reducing transaction fees and web congestion. At the time, determination were a full of 38 projects gathering connected the Optimism network.

— Balancer (@Balancer) August 24, 2023

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