• Balancer, an Ethereum automated market maker and decentralized finance protocol, warned users that $2.8 million of funds remains at risk after discovering a vulnerability on Aug. 22.
• The website provides users with a personal user interface to determine if their funds are affected and suggests they unstake, withdraw and unwrap the affected tokens.
• Over 98.7% of liquidity initially deemed vulnerable is now safe, but 0.42% ($2.8 million) remains at risk and users are advised to withdraw ASAP using the UI.

Balancer Vulnerability Warning

Ethereum automated market maker and decentralized finance protocol Balancer warned that $2.8 million, or 0.42% of its total value locked (TVL), remains at risk following the discovery of a vulnerability on Aug. 22.

User Interface Established

A personal user interface was established via the protocol’s website to determine if user funds were at risk. The site then suggests users unstake, withdraw and unwrap the affected tokens selected from Balancer’s deployment on Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom and zkEVM.

Vulnerability Exploited?

On the day of discovery, Balancer said 4% of its $669 million in TVL was affected after developers mitigated 80% of the critical vulnerability. In an Aug 23 update, Balancer said that the vulnerability had not been exploited yet but still asked all connected wallets to LP pools to withdraw ASAP as precautionary measure due to remaining $5.6 million worth of funds at risk .

Deployment On Optimism Network

Cointelegraph reported on June 2 that Balancer had launched on Ethereum layer-2 network Optimism with 38 projects building on it in order reduce transaction fees and network congestion as well as improve scalability overall .

Remaining Funds At Risk?

As of writing ,the vulnerability has not been exploited yet but 0 .42 %of total TVL ($ 2 . 8million )remains at risk ,with users advised to withdraw ASAP using the UI .