Balancer, a decentralized finance protocol running on the Ethereum network, has issued a cautionary message to its users, advising them to refrain from accessing its website due to a recent frontend attack.
The platform alerted its community on September 19 at 11:49 pm UTC, urging users to avoid interacting with the Balancer user interface until further updates are provided.
Several users have reported encountering a concerning issue where they are prompted to approve a malicious contract that siphons funds from their wallets when engaging with the website.
This marks the second attack on Balancer within a month, following a prior warning about a critical vulnerability issued on August 22. Unfortunately, shortly after the warning, the protocol fell victim to an estimated $2 million exploit linked to that very vulnerability.
“On August 27, Balancer’s team acknowledged an exploit associated with the mentioned vulnerability,” the protocol’s statement read. While recent mitigation efforts had substantially reduced risks, it was noted that affected pools could not be paused. As a preventive measure against further exploits, users were advised to withdraw from affected LPs (Liquidity Pools).