GoPlus Alerts to $116.6 Million Loss from Fork Balancer DeFi Vulnerability
Blockchain security warnings intensify as cross-chain attacks on Balancer forks push total losses to over $128 million, prompting urgent withdrawals from affected decentralized finance protocols.
Summary
GoPlus has updated its warning on Fork Balancer decentralized finance (DeFi) projects, reporting that total losses from ongoing cross-chain attacks have risen to approximately $128.64 million. The vulnerabilities impact multiple chains, and users are urged to cease interacting with affected protocols and withdraw funds immediately. The alert follows earlier estimates of $116.6 million in losses, highlighting the rapid escalation of exploit activity.
Terms & Concepts
- Fork Balancer: A decentralized finance protocol model derived from the Balancer automated market maker platform.
- DeFi: Decentralized finance – blockchain-based financial services without traditional intermediaries.
- Defillama: A platform tracking decentralized finance project data, including total value locked and protocol listings.