Balancer announced on the X platform that according to Dune data, the monthly trading volume of LST on Balancer has been increasing and reached nearly $4 billion in April.

According to official sources, Balancer has disclosed data showing that the total value locked (TVL) across all networks has reached 1.15 billion US dollars, of which the TVL on the Ethereum mainnet is approximately 821.5 million US dollars (accounting for a dominant share of 70.49%), the TVL on the Polygon chain is approximately 39.4 million US dollars, the TVL on the Arbitrum chain is approximately 162.5 million US dollars, the TVL on the Base chain is approximately 5 million US dollars, and the TVL on the Avalanche chain is approximately 20.5 million US dollars. In addition, Balancer also disclosed that the cumulative trading volume last week was 434.46 million US dollars.

Balancer has released an update on X platform: the Ledger Connect issue that was announced yesterday has been reported as fixed. Balancer was not affected and the frontend can be used safely. It is recommended that all users remain vigilant and trade with caution.

Balancer posted on social media that a potential vulnerability was detected in Ledger Connect. It is recommended that all users be cautious and avoid using Balancer's front-end until more information is obtained.

According to official sources, Balancer has announced that the development of V3 is progressing smoothly. This version has thoroughly inspected and improved the underlying architecture, while also providing multiple new pool structures, streamlined AMM tools, and native yield-bearing technology. This upgrade is expected to be released in early Q2 2024.

Balancer has released its latest protocol report "The Balancer Report" today, which reveals the latest developments of the protocol. It was disclosed that Balancer DAO has become the first batch of recipients of the Arbitrum Short-Term Incentive Plan (STIP), and has received ARB token rewards worth $1.2 million; Balancer also revealed that Raft QiDAO joined its "8020 Plan" last week, Raft launched the RAFT/R liquidity pool, while QiDAO renamed eQI to aveQI and deployed the corresponding liquidity pool on Ethereum. In addition, Balancer revealed that its stablecoin project on its infrastructure, Gyrscope, plans to launch the stablecoin GYD soon.

Balancer, an Ethereum-based automated market maker, has suffered a frontend compromise on its website due to a social engineering attack on its DNS service provider, EuroDNS. The attack led to the theft of an estimated $238,000 in crypto. Balancer's decentralized autonomous organization (DAO) worked to recover the Balancer UI and secured the domain, but the company is exploring deprecating the .fi TLD and suggests other projects using the same top-level domain should consider moving to a more secure registrar. The attacker employed Angel Drainer phishing contracts and SlowMist and CertiK reported that the hacker may be related to Russia.

Balancer has released an update regarding the DNS attack, confirming that the domain is now secure and back under the control of Balancer DAO. The app.balancer.fi and other balancer.fi domains can now be safely used. The team stated that after investigation, it was clear that this was a social engineering attack against EuroDNS, the domain registrar for .fi top-level domains. Balancer is exploring abandoning the .fi TLD in favor of a more secure registrar and recommends that other projects using the TLD do the same.

SlowMist founder Yu Xian stated on X platform (formerly Twitter) that the Balancer attack is likely a DNS hijacking attack, related to the well-known Angel Drainer phishing group. The distribution of interests in the phishing industry is high, and various traditional advanced techniques may be used. The security threats of Web3 projects come not only from their own smart contract code, but also from various basic components in Web1/2, including people.

PeckShield monitoring shows that the attacker of Balancer has exchanged 15.4 ETH for nearly 2,730 AVAX and transferred it to MEXC.