Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw from them. The team also shared a list of affected pools and an interface to help users secure their assets. The BAL token is down 4% in the last 24 hours, trading at $3.44. Overall, Balancer’s Total Value Locked (TVL) is over $650M, and 1.4% of the entire TVL is at risk. The team is urging users to withdraw or migrate to a safe pool immediately.
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Currencies | BAL, Bitcoin, Ethereum, USD, None |
| Securities | None |
