Balancer front-end suffers hacker attack! Loss estimated at $238,000.

The DeFi protocol Balancer announced this morning that its web front-end was hacked, resulting in a loss of approximately $238,000. The official team is currently working on resolving the issue urgently and advises users to refrain from using Balancer temporarily to avoid falling victim to phishing attacks.

The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice!

— Balancer (@Balancer) September 19, 2023

Balancer Frontend Targeted in Hacker Attack

Regarding the recent incident, cybersecurity firm SlowMist stated that Balancer was hit by a BGP hijacking attack, with malicious JavaScript code injected into Balancer's web frontend. Clicking on wallet links on Balancer's website could lead to asset loss.

Currently, accessing the Balancer website triggers a security warning from MetaMask.

According to SlowMist's money flow tracker, the stolen funds have been transferred to an address starting with 0x6457, totaling around $238,000. Additionally, on Avalanche, the hacker moved about 15.4 WETH to an address starting with 0xf99.

Balancer's official team is currently investigating the hack and working with relevant organizations to ensure the full recovery of Balancer's UI. They also advise against any interactions with Balancer for the time being.

The Balancer DAO is actively addressing the current DNS attack and is working with all relevant parties to ensure the full recovery of the Balancer UI.

In the meantime, please DO NOT interact with https://t.co/RQO6oJXEpJ or https://t.co/kNWcQADaqa until further notice. https://t.co/T7xlOBwvoP

— Balancer (@Balancer) September 20, 2023

Balancer's BAL Token Price Slightly Drops

According to data from DeFiLlama, the attack on Balancer did not have a significant impact on the Total Value Locked (TVL), but the token price experienced a slight daily decrease of approximately 2.7%.