🚨Balancer, a well-known DeFi protocol on the Ethereum blockchain, has warned users of a serious vulnerability affecting its V2 Pools. Most of the funds (TVL) have been protected through emergency measures, but some funds are still at risk. 😟
Users with affected Liquidity Provider (LP) funds are urgently advised to initiate a withdrawal. The balancer reports that there are no losses so far, and the vulnerability has not yet been exploited.
🔒Most funds on Balancer are safe, only 1.4% of total TVL is at risk. Several pools have been suspended to reduce risks and users are advised to withdraw liquidity as soon as possible.