Balancer Frontend Attack: Security Alert And Fund Losses, Stay Informed

Key Points:

• Balancer Frontend under attack; users advised to avoid UI interaction.
• Attacker funneled $238k to 0x645710Af050E26bB96e295bdfB75B4a878088d7E, swapped $ETH for $AVAX.

Balancer Frontend under attack, investigating. Avoid UI. Funds funneled to 0x645710Af050E26bB96e295bdfB75B4a878088d7E, $238k stolen so far.

Balancer frontend has come under attack, and the issue is currently under investigation by the Balancer team. Users are strongly urged to exercise caution and refrain from interacting with the Balancer UI until further notice.

The attacker has been funneling stolen funds to the following address: 0x645710Af050E26bB96e295bdfB75B4a878088d7E, resulting in a loss of approximately $238,000 so far.

According to PeckShieldAlert, the attacker’s related address, 0xf998, received 1.04 $AVAX from MEXC, a cryptocurrency exchange.

In a recent update, it has been observed that the attacker swapped 15.4 $ETH for approximately 2,730 $AVAX and subsequently transferred these funds to MEXC’s deposit address.

CoinCu will update the incident as the story continues…

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.