BNB Chain Issues Statement Following Balancer Hack! Here Are the Details

BNB Chain announced on the X platform that the recent Balancer protocol attack did not affect the projects in its ￰0￱ Chain: Balancer Attack Didn't Affect BNB Chain Projects, But Fork Projects Should Be Careful However, all Balancer forked projects have been asked to exercise a high level of caution and consider temporarily ceasing operations if ￰1￱ BNB Chain team stated, “We confirm that the Balancer vulnerability incident did not harm any BNB Chain projects. However, the risk remains for all projects of a similar nature. “All teams should remain vigilant, increase security measures, and temporarily suspend operations in suspicious situations,” he ￰2￱ statement also noted that the BNB Chain team and its security partners are closely monitoring the incident and have active monitoring and prevention mechanisms in place to address potential ￰3￱ platform urged all developers to “prioritize security above all else.” Blockchain security firm PeckShield previously announced that Balancer and its derivative projects suffered total losses exceeding $128 million in multi-chain ￰4￱ incident further underscored the serious threat vulnerabilities still pose in decentralized finance (DeFi) ￰5￱ Chain emphasized that user funds are safe and stated that it will continue to closely monitor the situation across the ecosystem. *This is not investment ￰6￱ Reading: BNB Chain Issues Statement Following Balancer Hack!

Here Are the Details