On August 31st, Balancer, a DeFi liquidity protocol, announced an update regarding the vulnerability risk. They have implemented mitigation measures to reduce the risk, but the affected liquidity pools cannot be paused. Users are urged to immediately use the user interface (UI) to exit the affected LP. Due to the vigilance and quick action of Balancer LP, most of the liquidity initially considered vulnerable has been withdrawn. However, on August 27th, 5 days after the vulnerability disclosure, malicious actors successfully exploited the remaining funds vulnerability in the affected pools of Balancer and Beethoven X protocols.

The Balancer and Beethoven X communities are taking known measures to thoroughly investigate the situation and are actively working with relevant partners, legal teams, and security experts to address the issue. User safety remains the highest priority, and if the UI does not prompt to exit the liquidity pool or allow users to enter the liquidity pool, the pool is considered safe and without risk. Balancer stated that they are still collecting information about some recent vulnerabilities, so they cannot disclose exact numbers related to losses at this time.