Across their social media channels, Ethereum-based decentralized exchange (DEX) Balancer reported an attack against its front end. The platform confirmed that a Domain Name System (DNS) attack targeted the DEX, preventing users from accessing the DEX. Ethereum DeFi Under Siege According to an official post, a team is investigating the DNS attack against Balancer. In…
Balancer’s native token, BAL, appears to be holding up despite the platform’s ongoing security issues. On Friday, Jan. 6, the DeFi project tweeted a statement asking liquidity providers on its platform to withdraw their tokens from certain pools valued at $6.3 million. Via their official Twitter handle, the decentralized exchange stated there was a security…
SUI token drops 9.2% after a $116M DeFi exploit shakes crypto markets, sparking institutional sell-offs and shifting trust toward verified projects like XRP Tundra. The cryptocurrency market witnessed another sharp shock recently as SUI, the native token of the Sui blockchain, fell 9.2% following renewed fears about DeFi vulnerabilities. The decline came after news of…