Exploit

Balancer Pools Get Drained Off $500K Through STA Exploit, Team Reimburses

Balancer Pools Get Drained Off $500K Through STA Exploit, Team Reimburses

In a black day for Decentralized Finance (DeFi), two Balancer pools got drained off at least $500,000 through an exploit taking advantage of deflationary properties of Statera (STA) token on June 28, 1inch.exchange team investigation report concluded. The Balancer Labs announced that it will completely reimburse all the losses to the users, as well as …

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DeFi Protocol Balancer Hacked Through Exploit It Seemingly Knew About

DeFi Protocol Balancer Hacked Through Exploit It Seemingly Knew About

The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan. As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two thirds of an Ethereum …

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