Balancer team urged users to withdraw funds from pools

The Balancer developers disclosed a critical vulnerability affecting several pools on the second version of the DeFi platform for programmable liquidity.

“To safeguard the majority of TVL, extraordinary mitigation measures were taken, but some funds remain at risk,” the project team noted.

The developers assured users that assets were not compromised, but urged them to immediately withdraw funds or move to safe liquidity pools.

As of writing, the total TVL of Balancer v2 stands at $745 million, according to DeFi Llama.

Earlier, Ethermint developers from the Cosmos ecosystem neutralised a critical vulnerability that threatened an eight-figure-dollar loss.