Balancer suffers breach despite prior warnings; TVL falls $164M

Decentralized exchange Balancer confirmed that its V2 pools were exploited for an undisclosed sum despite its previous warning about vulnerabilities.

In an Aug. 27 post on its official X account, the Ethereum-based protocol revealed that its mitigation procedure was able to minimize the impact of the exploit. However, users are advised to withdraw their funds from the affected pools to prevent further attacks.