Although Balancer might not have been able to pause their protocol as mentioned in their announcement, simple and automated incident response is now possible via @OpenZeppelin ’s Defender 2.0 with Forta integration 💪

The @Balancer protocol was recently HACKED 🚨 The attacker exploited pools using a flashloan vulnerability 38 times on three separate networks 🌐🌐🌐 Here's how the monitoring timeline unfolded just on @OptimismFND and how Forta detected it 👇

Shortly after the contract was deployed, Forta detected an alarming movement of 38,751 USDC and 89,371 DAI via monitoring for flashloans with high profit 💰

The attacker used a malicious contract to drain certain Balancer pools 🚰 As soon as the contract was deployed (within the same second) Forta’s Malicious Contract Bot alerted on it ⏲️