Balancer Discloses Critical Vulnerability Affecting Its V2 Pools

Liquidity protocol Balancer has disclosed that it has discovered a critical vulnerability that has impacted over 100 of its v2 pools spread across eight different blockchains. The team at Balancer has posted a list of the impacted pools on its GitHub page while also activating its emergency subDAO.

Timeline of Balancer

The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had not been exploited and said that 80% of the issue had been mitigated.

Balancer Labs has announced that a number of V2 Pools are vulnerable to an exploit after it received a report to that effect. The team at the decentralized finance (DeFi) protocol disclosed the said vulnerability on Tuesday, adding that emergency measures had been undertaken to secure a majority of user funds.

Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools. While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk.

Balancer protocol deploys on Polygon's zkEVM, optimizing Ethereum scaling and driving liquidity growth in the zkDeFi ecosystem. Integration of Balancer strengthens the DeFi experience on Polygon, creating a seamless and interconnected user environment.

More than a year ago, Balancer created its Boosted Pool to attract liquidity to the protocol by providing investors with additional incentives. How balanced has this made the protocol and its native token – BAL?

Ric Burton, the CEO of Balance, has stated that he believes he was taken advantage of by Hayden Adams, the creator of Uniswap, whom he had thought to be one of his "closest friends."

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Blockchain developer Nikolai Muchgian drowned on a beach in Puerto Rico, local media reported. The post Crypto community mourns death of Balancer Labs co-founder appeared first on CryptoSlate.

Nikolai Mushegian, the co-founder of Balancer Labs, has drowned in Puerto Rico, and the crypto community has already begun speculating. The post Balancer Labs Co-Founder Drowns, Twitter Speculates CIA Involvement appeared first on BeInCrypto.

Aura Finance is a protocol that is built on top of the Balancer platform. Through the social aggregation of BAL deposits and Aura's native token, the protocol provides maximum incentives to Balancer liquidity providers and BAL stakers.