Balancer Pools Get Drained Off $500K Through STA Exploit, Team Reimburses

in hive-116221 •  10 months ago 

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n a black day for Decentralized Finance (DeFi), two Balancer pools got drained off at least $500,000 through an exploit taking advantage of deflationary properties of Statera (STA) token on June 28, 1inch.exchange team investigation report concluded. The Balancer Labs announced that it will completely reimburse all the losses to the users, as well as give bounty to the white hat hacker, who pointed this attack vector to the Balancer Bug Bounty on May 06 to @Hex_Capital.


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