Balancer suspected of being attacked, over $70 million in assets transferred
On November 3, on-chain data shows that the treasury address of the DeFi protocol Balancer transferred multiple assets to the address 0xAa760D53...4675b8e3f, with a total value exceeding 70 million US dollars. The transferred assets include 6,587.44 WETH (approximately 24.48 million US dollars), 6,851.12 Staked ETH (approximately 26.86 million US dollars), 4,259.84 wstETH (approximately 19.27 million US dollars), as well as other ERC-20 tokens. The specific background of the transactions is still unclear and may be related to a potential attack. No official statement has been released to confirm this matter yet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: BounceBit (BB) will unlock tokens worth approximately $3.28 million in one week
Trending news
MoreQualcomm’s Q4 earnings surpassed expectations, with adjusted revenue of $11.27 billion; however, the stock fell 2%.
SlowMist Cosine: The fundamental reason for the Balancer hack is that the calculation error in the scaling factor of Balancer v2's Composable Stable Pool implementation can be exploited for profit through low-liquidity swaps.
