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Marcus | Balancer
3,533 posts
This provides the first level of clarity. We continue working closely with security partners, whitehats and the ecosystem across networks. We’ll share more as soon as it’s appropriate to do so. Thank you to everyone who has been supporting the ongoing efforts.- Today has been incredibly difficult for us at Balancer. We experienced an exploit on Balancer V2 composable stable pools. I want to be clear that this is isolated to these specific pools. The rest of Balancer, including V3, remains unaffected. At Balancer, security has alwaysToday, around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools. Our team is working with leading security researchers to understand the issue and will share additional findings and a full post-mortem as soon as possible. Because these pools have been live
- "The exploit does not work on Balancer v3"Since the Balancer hack on Monday, we've been working around the clock to help the Balancer team understand the bug and its implications. We've verified the bug's cause and have independently verified that the exploit does not work on Balancer V3. Once the dust settles, we plan
- Proud of how quickly our team, together with @certora and @_SEAL_Org, coordinated to recover ~$4.1M from V2 meta-stable pools. Transparency and responsibility remain our focus 🫡In connection with the recent Balancer V2 stable-pool incident, a new value-extraction path was identified in V2 meta-stable pools. In coordination with @certora and @_SEAL_Org , Balancer team initiated a whitehat recovery around 7PM UTC and has secured ~$4.1M to controlled
- Proud of the team for moving fast and doing things the right way. On-chain notice sent and recovery path open. Focus stays on users and restitution. Grateful for the teams supporting this effort.On wednesday, we sent an on-chain message to all known addresses involved in Monday's exploit, following the best practices and offering a path for the hacker to contact us and return the funds. We understand that affected users are awaiting further updates. We will continue to
- The Certora team has been a steadfast partner from the early days. As soon as the incident surfaced they spared no efforts, jumped in and worked side by side with us. Grateful to them and to everyone supporting Balancer.Since Monday’s @Balancer v2 exploit, we’ve worked hand in hand with their team to develop the first root-cause analysis of the issue, identify all affected and potentially vulnerable pools, and determine whether v3 was susceptible to the same attack. Our analysis breaks down
- You guys were key in making this happen. Huge appreciation for the whole @certora and @_SEAL_Org teams and a special shoutout to @tomer_ganor for the relentless work on this.We’re proud of how our team collaborated with @Balancer and @_SEAL_Org to recover ~$4.1M from affected V2 meta-stable pools. A solid example of effective incident response.
- Congrats to @aboutcircles on launching Circles 2.0 today! 🥳 This is money reimagined, built on trust! @gnosisdao keeps pushing the boundaries of what’s possible in Web3, and I’m proud @Balancer is part of this. It’s this kind of collaboration that makes DeFi exciting. 🚀Today is a big day. Circles 2.0 is launching and with it the ambition of fair money that works for people and that can complement or even replace our fiat system. This has been an idea for almost 15 years but it's a concrete product you can use now! 👇 x.com/aboutcircles/s…
- Honored to be part of this @aave v4 panel with true DeFi OGs @StaniKulechov and @claberus. We’ve been building side by side for years!! This was a powerful reminder of what real composability and long-term collaboration look like. Exciting times ahead for @aave, @kpk_io, and
Replying to @Balancer🔥 Fireside Chat @StaniKulechov x @Marcus_Balancer x @claberus We discussed Aave v4, liquidity hubs, BPTs as collateral, and the path toward capital-efficient, modular finance. Risk segmentation meets composability. 🎥 Full session on @streameth streameth.org/682f5f23c14984… - What an amazing team! It's always incredible when we get together once per semester. Strategy alignment, deep discussion of tech and our priorities and an special energy boost ⚡️Gracias, Madrid 🇪🇸 Just wrapped our 4-day ecosystem ONsite with the team. We spent the last 4 days locked in to discuss the future of Balancer. The next chapter of programmable liquidity is being written 🥷
- Incredible day talking about @Balancer and why we're the one-stop shop for AMM innovation. Huge thanks to @ipecity, @gnosispay, @usePicnicBR, and everyone who made it happen. We're building the future of DeFi, together! 🔬🚢🔁🫡Replying to @BalancerWe had deep dives into the tech that powers it all. @Marcus_Balancer presented the current state and future of Balancer v3. The pool is live on @gnosis, supported by our friends at @kpk_io🤝 A smooth UX with DeFi capital efficiency working in the background ⚙️
- The coordination, effort, and focus behind this were unreal. Huge respect to everyone who made it happen. 🙌🏼 Do not down size this accomplishment!This was a crazy job. Credits to @tomer_ganor from @certora for cracking it this time. All I can say is that it was 10x more complex than the last one. Might look like a small win, but I'll take it. Thanks @_SEAL_Org for bearing with us too 🫂
