DeFi protocol Balancer frontend is under attack, users urged to stay away

Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.”

The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice.

Balancer said the details of the attack are under investigation. The firm hasn’t confirmed whether user funds are safe at this point in time.

However, one blockchain analyst, ZachXBT claims $238,000 was stolen within the first 30 minutes of Balancer breaking the news.

Related: Breaking: ‘All funds are at risk’ — Steadefi exploited in ongoing attack

This is the second theft from Balancer in a month, after it warned of a critical vulnerability on Aug. 22, which resulted in a $2 million exploit several days later.

Cointelegraph attempted to access Balancer’s website but was hit with a warning sign:

This is a developing story, and further information will be added as it becomes available.

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