ChainBleedv0.1 · open intel
← back to feed·ETHFLASHLOAN2023-08-22 · 2y ago
Incident · SLOWMIST

Balancer

Flash Loan Attack
Estimated loss
$2.10M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2023-08/Balancer_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

Balancer says it has received reports of a critical vulnerability affecting multiple V2 pools. Emergency mitigation procedures have been implemented to secure the majority of TVL, but some funds remain at risk. Users are advised to immediately withdraw affected LPs. According to news on August 28, Balancer’s losses have exceeded $2.1 million, and multiple fund pools on Ethereum, Fantom, and Optimism have been affected. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 2,100,000.

Primary source
https://twitter.com/balancer/status/1694014645378724280
Sourced from
slowmist
Technical record
chain
ethereum
protocol
Balancer
bug_class
flashloan
date_occurred
2023-08-22
loss_usd
$2,100,000
source_id
sm:balancer::2023-08-22
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