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Balancer Executes Emergency Procedures after Critical Vulnerability Report. 4% of TVL is Impacted.

August 22, 2023
in Metaverse
Reading Time: 2 mins read
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Printed: 22 August 2023, 1:40 pm Up to date: 22 Aug 2023, 1:41 pm

Balancer’s official X account posted an announcement urging customers to withdraw funds from all of the affected LPs instantly because of the vital vulnerability.

Balancer has obtained a vital vulnerability report affecting a variety of V2 Swimming pools.

Emergency mitigation procedures have been executed to safe a majority of TVL, however some funds stay in danger.

Customers are suggested to withdraw affected LPs instantly.https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L

— Balancer (@Balancer) August 22, 2023

The Balancer group shortly up to date the UI to tell customers in the event that they maintain liquidity inside affected LPs with step-by-step withdrawal directions.

We consider funds within the mitigated swimming pools (labeled “mitigated”) are secure, however however strongly suggest well timed migration to secure swimming pools, or withdrawal. Swimming pools that would not be mitigated are labeled “in danger”. If you’re an LP in any of those swimming pools, please exit instantly.

Said within the announcement

The article can be up to date after the Publish-mortem can be printed by the Balancer group.



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Tags: BalancerCriticalEmergencyExecutesImpactedProceduresReportTVLvulnerability
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