Decentralized cryptocurrency exchange Balancer made a statement regarding the crypto attack that occurred recently.
Balancer, which was attacked by crypto last weekend, clarified the event with the statement it made today. The exchange confirmed the cyberattack after the platform disclosed a critical vulnerability in V2 pools. Balancer stated that although it mitigates some of the risks associated with the vulnerability and advises users to withdraw funds, it cannot pause the pools affected by the attack.
Transfer of $ 900,000 poses danger
“Balancer is aware of an exploit related to the following vulnerability (as reported Aug. 22),” the team said in a statement on Sunday. He also noted that mitigation procedures greatly reduce risks. However, the exchange highlighted that they were unable to pause the affected pools.
As of the current situation, the damage of the cyber attack has not been clearly reported yet. However, Meir Dolev, founder and CTO of analyst firm Cyvers, stated that $900,000 of funds was transferred from Balancer pools and this could be a signal of attack. An address thought to belong to the hacker received $979,000 in DAI in three transactions. This move of the attacker brought to mind the transfer of funds of $ 900,000.
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