Contagion from the Dec. 12 flash mortgage assault towards Euler has unfold far and huge, leading to frozen or misplaced funds for 11 totally different decentralized finance (DeFi) protocols, in keeping with Dec. 13 stories from every of them on Twitter. Balancer, an protocol with over $1 billion whole worth locked (TVL), is among the many affected protocols. Under is a rundown of the main exploits and what we all know to date.
Balancer reported on March 13 that the Euler Boosted USD (bb-e-USD) pool had been affected by the exploit. Roughly $11.9 million price of tokens from this pool have been despatched to Euler throughout the exploit. The balancer emergency subDAO reacted by pausing the pool and placing it into restoration mode. Nonetheless, over 65% of the pool’s TVL had already been misplaced by the point it was paused.
Different affected protocols
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