One of the leading decentralized finance (DeFi) protocols, Balancer Protocol – an Ethereum-based automated market maker (AMM), has recorded the second hack in less than a month. In the ongoing hack, cybercriminals have hijacked the front-end website of the DeFi protocol to rob users’ wallets by forcing them to approve malicious contracts.
The Balancer Protocol affirmed the recent hack through its X account (previously known as Twitter) around 11:50 PM UTC on September 19. The DeFi protocol prohibited users from accessing its official website balancer.fi, until the team solves the issue and confirms via a notice.
Blockchain Security Firms Confirm The Stolen Amount
Though Balancer Protocol didn’t disclose any loss of funds, blockchain security firms were on their toes to track the exploiter and update the crypto community.
On-chain sleuth PeckShield shared screenshots on X that the hacker has stolen $238,000 worth of crypto. A few hours later, the crypto security firm shared th
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