DeFi Protocol Balancer Hacked Through Exploit It Seemingly Knew About
The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.
As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two thirds of an block, stole over $500,000 in Ether, Wrapped (WBTC), Chainlink (LINK) and Synthetix (SNX) tokens.
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