Balancer exploited in practically $900k after vulnerability warning

automated market maker and decentralized finance protocol Balancer was exploited for practically $900,000, the protocol confirmed on X (previously Twitter) on Aug. 27, simply days after disclosing a vulnerability that affected a number of swimming pools.

An Ethereum handle allegedly belonging to the attacker has been revealed by blockchain safety skilled Meier Dolev. Following the exploit, the handle acquired two transfers of Dai (DAI) stablecoin value $636,812 and $257,527, respectively, bringing its complete steadiness to over $893,978.

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