Scam Alert

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.

Balancer Frontend Attack: Security Alert And Fund Losses, Stay Informed 3

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.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop

George Town, Grand Cayman, 8th November 2024, Chainwire

2 mins ago

BIO Protocol, DeSci sector, invested by Binance Labs

Binance Labs makes its first foray into decentralized science (DeSci) with an investment in BIO…

53 mins ago

Crypto Industry Campaign Wins Overwhelming Victory With $135M Spent

The crypto industry campaign spent $135 million supporting over 50 U.S. election candidates in 2024,…

2 hours ago

Big Money Is Back in the Market: Here Are 3 Tokens They Are Heavily Buying

Major investors are heavily purchasing specific tokens they think have great development potential when huge…

3 hours ago

Your Guide to the Best Presale Cryptos to Buy in November 2024, Qubetics, Filecoin, and Litecoin Comparison

Crypto is still shaking up the financial world, and the latest players in this space…

4 hours ago

$115M Success Story – Once an Underdog Here’s How BlockDAG Has Gone a Leg Up Against Archrival Kaspa

Discover why BlockDAG (BDAG) is emerging as a strong competitor to Kaspa (KAS) with its…

5 hours ago

This website uses cookies.