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Tag Archives: Massive

Security Flaw in Balancer Pools Leads to Massive $450K Crypto Hack

Automated market maker protocol Balancer lost over $450,000 in a hacking incident on Sunday. The firm’s co-founder and CTO, Mike McDonald, confirmed that hackers drained at least two of their pools that contained deflationary tokens STA and STONK. He admitted that hackers exploited security vulnerabilities in those tokens to trick …

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