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Balancer Warns Users Of A Critical Vulnerability

Twitter icon  •  Published il y a 8 mois  •  Hassan Maishera

The Balancer team informed its users via Twitter on Tuesday that it had received a critical vulnerability report affecting a number of V2 Pools.

The Balancer team informed its users via Twitter on Tuesday that it had received a critical vulnerability report affecting a number of V2 Pools. Emergency mitigation procedures were executed to secure a majority of TVL, but some funds remain at risk.

Due to the vulnerability risk, the team advised users to withdraw funds from the affected liquidity pools immediately to avoid losing their assets. 

Balancer is an automated market maker, decentralized exchange and liquidity pool protocol built on Ethereum that allows users to provide liquidity for multiple assets simultaneously. BAL is trading at $3.504, down by 2.5% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.