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Balancera decentralized trading platform, has had a security incident that resulted in the withdrawal of more than $116 million in crypto in a new wallet.
The first signs of violation demonstrated that about $70 million in tokensincluding liquid staking assets such as StakeWise Staked ETH, Wrapped Ethereum, and Lido wstETH
WSTETH
$4,274.85
have been moved in several transactions to a newly created wallet.
In a few hours, more analysis revealed that the the amount taken had grown to more than $116 millionaccording to Lookonchain.
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After the transfers have been detected, Balancer confirmed in a post on X that some of their version 2 liquidity pools have been affected. The team said that security and engineering staff were addressing the issue urgently.
In response to the incident, Balancer has offered the individual behind the exploit a way to return the stolen funds. They proposed a reward of 20% of the stolen amount if the remaining 80% is returned without delay.
The offer is only available for 48 hours from the moment it was announced. If the attacker does not respond, Balancer plans to work closely with law enforcement and blockchain investigative teams to identify the responsible party.
The Balancer team warned the exploiter that their infrastructure had logged metadataincluding IP addresses and access times, which could help trace their identity.
On October 1, the official X account linked to BNB
BNB
$945.52
The chain was taken by the hackers. How? Read the full story.
