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DeFi

Balancer Is Attacked By Phishing

July 17, 2022 - Around 2 mins mins to read
After the Uniswap phishing attack, recently Balancer is the next target of hackers who want to profit in this way.
Balancer Is Attacked By Phishing
Balancer Is Attacked By Phishing 3

In the official Twitter page announcement, Balancer warned users about a new type of phishing attack.

Accordingly, the method of this attack is similar to the case Uniswap users encountered a few days ago. Hackers will send fake links, informing users that they have the opportunity to receive airdrops from the liquidity supply (LP) on the DEX platform. And when users interact and authorize the aforementioned links, the assets in the wallet will be stolen.

The recent Uniswap phishing incident also led CZ – CEO of Binance, to issue a false alarm.

Balancer Is Attacked By Phishing
Balancer Is Attacked By Phishing 4

The problem of Balancer is a phishing attack with a rather new method, not simply stealing the domain or faking the interface as before.

Phishing attacks are no longer strange to DeFi projects when many popular names have targeted this form of spoofing. However, these forms are becoming increasingly sophisticated, especially forging deep into the blockchain transaction layer, as with Balancer.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Balancer

Binance

Changpeng Zhao

CZ

Phishing attack

Uniswap

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi, Scam Alert

Balancer Is Attacked By Phishing

After the Uniswap phishing attack, recently Balancer is the next target of hackers who want to profit in this way.
Balancer Is Attacked By Phishing
Balancer Is Attacked By Phishing 7

In the official Twitter page announcement, Balancer warned users about a new type of phishing attack.

Accordingly, the method of this attack is similar to the case Uniswap users encountered a few days ago. Hackers will send fake links, informing users that they have the opportunity to receive airdrops from the liquidity supply (LP) on the DEX platform. And when users interact and authorize the aforementioned links, the assets in the wallet will be stolen.

The recent Uniswap phishing incident also led CZ – CEO of Binance, to issue a false alarm.

Balancer Is Attacked By Phishing
Balancer Is Attacked By Phishing 8

The problem of Balancer is a phishing attack with a rather new method, not simply stealing the domain or faking the interface as before.

Phishing attacks are no longer strange to DeFi projects when many popular names have targeted this form of spoofing. However, these forms are becoming increasingly sophisticated, especially forging deep into the blockchain transaction layer, as with Balancer.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News