The Decentralized Exchange Balancer has been attacked twice in two months.
The interface for balancer, the decentralized exchange, is currently compromised, according to the project's account on X.
The project's Discord is calling it a domain name service attack, which involves removing the IP address - a number thatidentifies a computer connected to the internet - a URL resolves to.
ZachXBT, an on-chain researcher, said that user funds are being redirected to an unknown Ethereum account, presumably the attacker's. There are currently 238,000 dollars in the account.
Balancer's smart contracts are not violated, according to a moderator on the project's Discord. This means that only those users interacting with the website are at risk.
The decentralized exchange has been a favorite target for hackers - just last month, it shed hundreds of millions in total value locked as the team urged users to pull their assets off the platform.
Balancer has made initiatives to shore up its defenses in the past, for example, the project deployed a $2 million bug bounty in 2021.