CRYPTOCURRENCY
SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023
SlowMist, a cybersecurity firm specializing in blockchain, released its weekly security report for the week of September 17-23, 2023. The report highlights a total of seven security incidents with an estimated loss of around $380,600. The week saw a significant rise in phishing attacks and rug pull tactics, as well as the emergence of diverse attack methods like DNS hijacking and contract vulnerabilities.
Balancer's $2.1M Breach Impacts Pools Across Ethereum, Fantom, and Optimism
PeckShield Inc. has reported a $2.1 million loss on the Balancer platform, affecting multiple pools across Ethereum, Fantom Foundation, and Optimism Foundation. The loss, including Beethoven X, is believed to be miscalculated.
What Is Balancer?
Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.