Balancer Compatibility Issue: $500.00K Reported Loss
The Balancer liquidity pool was attacked by Lightning Loan and lost $500,000.
- Reported loss
- $ 500,000
- Attack category
- Compatibility Issue
Incident Overview
The two losses suffered by Balacer are STA and STONK. At present, the liquidity of these two token pools has been exhausted. Both STA and STONK tokens are deflation tokens, which means that this attack only affects the liquidity pool of deflation tokens. The deflationary tokens on Balancer and its smart contracts are incompatible in certain specific scenarios, allowing attackers to create and profit from STA/STONK circulation pools with price deviations.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.