Hackers Compromise Balancer Website In Ongoing Exploit
Decentralized Exchange Balancer Attacked Twice In Two Months
By: Owen Fernau • Loading...
DeFi![Hackers Compromise Balancer Website In Ongoing Exploit](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F3fb313c291317373167275e7613ca8cd95c8c936-880x495.jpg&w=828&q=75)
The interface for Balancer, the decentralized exchange, is currently compromised, according to the project’s account on X.
The project’s Discord is calling it a Domain Name Service (DNS) attack, which involves redirecting the IP address – a number which identifies a computer connected to the internet – a URL resolves to.
![the-defiant](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fb04b5df975297702d4ccc9a0cb65ae81e056efc0-531x210.jpg&w=828&q=100)
ZachXBT, an on-chain researcher, said that user funds are being redirected to an unknown Ethereum account, presumably the attacker’s. Roughly $238,000 is in the account so far.
Balancer’s smart contracts are not compromised, according to a moderator on the project’s Discord. This means that only users interacting with the website are at risk.
![Message in Balancer's Discord](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F0d865f6d56aabbe8da15f27ed18d5737099b596d-722x130.jpg&w=828&q=100)
The decentralized exchange has been a favored target for hackers — just last month, it shed hundreds of millions in total value locked as the team urged users to pull their assets off the platform.
![Balancer TVL chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fb3d9f58b71722befb324f56e4ec401711cc604ee-644x296.jpg&w=828&q=100)
Balancer has made efforts in the past to shore up its defenses — for example, the project deployed a $2M bug bounty in 2021.
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