Decentralized exchange (DEX) and automated market maker (AMM) Balancer may have suffered a new exploit after transferring about $70 million worth of digital assets to a newly created wallet.
Onchain data shows that Decentralized Finance (DeFi) The protocol has seen approximately $70.9 million worth of liquid ether accumulated (Ethereum) Tokens transferred to a new wallet via three transactions, According to to Etherscan logs.
The transfers included 6,850 StakeWise Staked ETH (OSETH), 6,590 Wrapped Ether (WETH), and 4,260 Lido wstETH (wSTETH), cryptocurrency intelligence platform Nansen said on Monday mail.
While Balancer has yet to confirm the hack, millions are flocking to the new one Cryptocurrency wallet An indication that the transfers occurred due to a security breach.
Blockchain security firm Cyvers estimated that up to $84 million in suspicious transactions across multiple chains linked to Balancer were involved, it wrote in Monday X. mail.
Related to: Czechoslovakia sounds alarm as ‘SEAL’ team discovers 60 fake IT workers linked to North Korea
Two months ago, Balancer suffered a DNS attack on its front-end website, the protocol Announce On September 20th. Hackers redirected site users to a phishing website linked to malicious smart contracts aimed at stealing users’ money.
Nearly $238,000 worth of digital assets were stolen during a phishing attack. According to To blockchain investigator ZachXBT.
Earlier in August, Balancer did as well suffer Nearly $1 million worth of coins were exploited, a week after the protocol revealed a “serious vulnerability” related to some liquidity pools.
magazine: The Coinbase hack shows that the law probably won’t protect you — here’s why
