Endorsed by Gambling911

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

Written by:

Aaron Goldstein

Published on:

Jun/29/2020

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens.

Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on June 29.

The hacker made off with around 601 ether, 11 wrapped bitcoin (WBTC), 22,600 chainlink (LINK), and 61,000 synthetix (SNX) – altogether totaling more than $451,000.

- Aaron Goldstein, Gambling911.com

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