Even though I stepped back from active work on Balancer, it still represents many years of work and a vision I deeply believe in. Watching today's events unfold has been difficult, and very painful to be honest.
The team is handling this with the professionalism and dedication I would expect. They are working with leading security experts and pursuing every angle to investigate and recover what was lost.
What strikes me most is seeing the DeFi community rally around Balancer. The support from partners, other protocols, and community members reminds me why we built this space in the first place. We are all in this together, learning and evolving.
Balancer has weathered challenges before: I'm sure the team and security experts will do all they can and Balancer will come out of this stronger.
Today, around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools.
Our team is working with leading security researchers to understand the issue and will share additional findings and a full post-mortem as soon as possible.
Because these pools have been live onchain for several years, many were outside the pause window. Any pools that could be paused have been paused and are now in recovery mode.
All other Balancer pools are unaffected. This issue is isolated to V2 Composable Stable Pools and does not impact Balancer V3 or other Balancer pools.
Balancer is committed to operational security, has undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors. We are working closely with our security and legal teams to ensure user safety and are conducting a swift & thorough investigation. We’re grateful to our partners and the broader DeFi community for their support.
Security notice: Fraudulent messages claiming to be from the Balancer Security Team are circulating. These are not from us. Do not interact with unsolicited communications or click unknown links.
Official updates will be posted only via:
- This official Balancer account on X (Twitter)
- Our official Discord server
Be careful with communications from other sources, they can be fraudulent.
We will provide a comprehensive update with more details as our investigation progresses.
The Balancer Team.
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