Beosin: Balancer has suffered multiple flash loan attacks, with total losses reaching 870,000 USD

ChainCatcher news, according to Beosin Alert monitoring, the DeFi protocol Balancer has suffered multiple flash loan attacks, with total losses reaching $870,000. Users are advised to withdraw their LP from the affected pools as per official guidance.

ChainCatcher previously reported that Balancer stated on social media that an exploit incident related to previously disclosed vulnerabilities has occurred, but Balancer is unable to pause the affected pools. To reduce risk, users need to withdraw their LP on their own.