Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools. While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk. As a precautionary measure, Balancer Labs advises users to…
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…
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…