The team behind decentralized exchange Balancer has uncovered a critical vulnerability that could potentially impact some of its liquidity pools.
According to a forum post describing the issue, the “at risk” pools represent 4%, or about $33 million, of Balancer's $836 million in Total Value Locked (TVL), the team claims have mitigated the threat in other pools but still recommend users withdraw their assets.
The project's interface has been updated to inform users to withdraw their funds if they are in an affected pool.
A list of vulnerable pools across eight blockchains is available on Github.
According to a post on Balancer's Discord server, no funds were lost due to the security breach as of 11:52 a.m. EDT.
According to DeFiLlama, Balancer is one of the top ten decentralized exchanges by volume, processing just over $271 million this week. BlockScience, a research and development company, began working on the exchange in 2018, with the first version going live in 2020.
The volume of the balancer last year
Balancer is widely integrated into DeFi, most notably through Aura, which acts as a yield enhancer for Balancer's BAL token.
According to the forum post, an autopsy of the vulnerability will be carried out shortly.
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