Balancer’s V2 Pools Hit by Exploit Despite Warnings
Decentralized exchange Balancer confirmed an exploit a week after disclosing a critical vulnerability in some of its V2 pools.
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Despite risk mitigation steps and advising users to withdraw funds, Balancer couldn't pause the affected pools in time. An estimated 4% of the platform's total funds were at risk as of August 22.
Financial analyst Meir Dolev noted that $979,000 in DAI moved from Balancer pools, potentially due to the exploit.
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