Balancer is safe again after second attack in a month; Loss in hack was US$ 240 thousand

The Balancer website, one of the most popular decentralized finance (DeFi) platforms, is now secure again after its second DNS attack in the space of a month. As highlighted by the analysis platform Santiment, the hack caused a loss of resources worth US$240,000.

Santiment highlighted that whale transactions, as well as the number of exclusive tokens, increased in light of the trend sequence of the Balancer (BAL) cryptocurrency.

“The #BalancerProtocol website is safe again after being hit yesterday by its second #DNS attack in a month, resulting in a loss of $240,000. $100K + $BAL whale transactions have increased, along with the total amount of unique tokens, as the asset continues to trend,” he wrote.

💻 #BalancerProtocol‘s website is secure again after being hit with its second #DNS attack in a month yesterday, resulting in a $240K loss. $100K+ $BAL whale transactions spiked, along with the total amount of unique tokens as the asset remains trending. https://t.co/yjDuL5zKqJ pic.twitter.com/nuPP822CxJ

— Santiment (@santimentfeed) September 21, 2023

Balancer suffered a reported attack on September 19th. The c teamonfirmou that after the recent DNS attack, that the domain is now secure and again under the control of Balancer DAO, plus other subdomains are safe to use.

According to the team, after investigation, it became clear that “this was a social engineering attack on EuroDNS, the domain registrar used for .fi TLDs. We are exploring discontinuing the .fi TLD to migrate to a more secure registrar and suggest that other projects using the TLD do the same.”

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.