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

2 years ago
in Metaverse
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Revealed: 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 as a result of vital vulnerability.

Balancer has acquired a vital vulnerability report affecting plenty 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 workforce 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 advocate well timed migration to secure swimming pools, or withdrawal. Swimming pools that might not be mitigated are labeled “in danger”. In case you are an LP in any of those swimming pools, please exit instantly.

Acknowledged within the announcement

The article shall be up to date after the Publish-mortem shall be revealed by the Balancer workforce.





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Tags: BalancercriticalEmergencyexecutesImpactedProceduresReportTVLvulnerability
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