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

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