Balancer suffers a second attack roughly one month after losing almost $1 million.
Ethereum-based decentralized automated marker maker (AMM) Balancer has warned users not to interact with the platform’s user interface following an attack on the protocol’s frontend.
Balancer recently suffered a hack resulting in the loss of almost $1 million.
Tweeting about the incident, Balancer said that the team is investigating the attack and warned users to stay away from the protocol until further notice.
While the firm is yet to give more details about the attack and state if funds were affected, on-chain sleuth ZachXBT said that the attacker had already stolen more than $238,000 shortly after Balacer’s warning.
The incident follows a recent exploit that drained over $970 from the platform.
A few days before the attack, Balancer said that it received a “critical vulnerability report” affecting some of the protocol’s V2 pools.