The Balancer decentralized autonomous organization (DAO) issued an on-chain notice to the wallet holder behind the exploit this week that led to the theft of over $100 million in digital assets.
In Friday’s post X, Balancer to publish A copy of the message you sent to the individual or group responsible for the incident associated with the platform’s V2 Composable Stable groups. The decentralized exchange offered them until Saturday to return the funds in exchange for an unspecified reward, or it would use “technical and legal measures” to follow up on matters.
“We are aware that affected users are awaiting further updates,” Balancer said of the exploit. “We will continue to provide information as the investigation progresses.”
The exploit, which Balancer reported to its users on Monday, resulted in more than $100 million worth of Ether (ETH) — including StakeWise Staked ETH (OSETH), Wrapped Ether (WETH), and Lido wstETH (wSTETH) — being transferred to a newly created wallet. The hack drew attention to the exchange’s smart contract audits after reports showed that four security firms had reviewed them.
How did the exploitation happen?
According to a post-mortem on the exploit released on Wednesday, the exchange said hackers used a combination of BatchSwaps and a sophisticated rounding function that affects EXACT_OUT swaps to exploit v2 Stable pools and Composable Stable v5 pools.
Cointelegraph reached out to one of the auditors for comment, but did not receive a response by press time.
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Although the onchain message did not specify the reward amount, the Balancer team initially said He said It will provide up to 20% of the stolen funds, i.e. more than $20 million. It does not appear that anyone has accepted the onchain offer at press time.
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The post Balancer Makes Last Appeal to Hacker Behind $100M Exploit first appeared on Investorempires.com.
