Balancer, Ethereum-based decentralized finance protocol

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Balancer, Ethereum-based decentralized finance protocol

DeFi protocol Balancer suffers another security breach, this time stealing over $238,000 in cryptocurrency.

The incident comes as a disconcerting sequel to the one that occurred in August when the protocol warned users of a critical vulnerability.

Just days after the initial warning, the platform suffered an estimated $2 million exploit.

Users were prompted to approve a malicious contract that allowed them to unknowingly facilitate the draining of their funds.

The latest incident also highlights the constant battle for security and trust within the DeFi space.

#shorts #techshorts #technews #tech #technology #users #security breach #DeFi) protocol

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