Hacker Steals from Balancer in Second Attack Within 24 Hours

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4 years ago

Less than 24 hours after Balancer's first attack, a second attack claimed about $2,300 worth of COMP.


Using Flashloans on dYdX and Uniswap, the attacker loaned more than $33 million that was used to generate cTokens and deposit them into Balancer.


With the deposit, Balancer was fooled into thinking he was owed a significant portion of the COMP tokens stored in Balancer’s pool.


The attacker then withdraws the COMP to complete the attack.

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