Balancer, an Ethereum automated market maker and decentralized finance (DeFi) protocol, has warned users of a vulnerability that has put $2.8 million, or 0.42% of its total value locked (TVL), at risk. The protocol has set up a personal user interface on its website to determine if user funds are at risk, and suggests users to unstake, withdraw, and unwrap the affected tokens.The vulnerability affects assets on the Balance mainnet, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zK-EVM. Balancer said that 4% of its $669 million TVL was affected when the vulnerability was discovered, and that $5.6 million worth of funds remained at risk. The protocol has since mitigated 80% of the critical vulnerability, but still recommends users to migrate to safe pools or withdraw their funds.Balancer had previously launched on Ethereum layer-2 network Optimism in June, with the goal of reducing transaction fees and network congestion. At the time, there were a total of 38 projects building on the Optimism network.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
Fernando Martinelli, |
| Companies |
Balancer, Balancer Labs, Ethereum, Optimism, zK-EVM |
| Currencies |
Ethereum, Bitcoin, Polygon, Optimism, Avalanche |
| Securities |
None |
