According to the Daily Planet, the DeFi liquidity protocol Balancer has developed mitigation procedures to reduce the risk of vulnerabilities, but it is unable to suspend the affected pools. Users are urged to immediately use the user interface (UI) to exit the affected LP. On August 27, malicious actors managed to exploit the pool vulnerability of some funds in the affected pools of the Balancer and Beethoven X protocols. Both communities are taking measures to thoroughly investigate the situation and actively working with relevant partners, legal teams and security experts to resolve the problem.
The safety of users remains the highest priority, and if the UI does not prompt to exit a liquidity pool or allow users to enter a liquidity pool, the pool is not at risk and is considered safe to use. The team is still collecting information about some recent vulnerabilities, so the exact figures related to losses cannot be disclosed at this time. In addition, since the investigation of the vulnerability and its participants is ongoing, the team will inform the community in a timely manner after completing a full investigation and publishing a post-mortem analysis.
