The Balancer DeFi protocol has issued an alert on Twitter urging liquidity providers to withdraw funds from five liquidity pools containing $6.3 million.
Balancer warns LPs to drain their pools
Balancer, a DeFi protocol, has issued a compelling warning to investors to withdraw 6.3 million dollars from five liquidity pools in response to attempts to mitigate a possible exploit.
The platform did not state the reason for the urgency but mentioned that the emergency DAO could not handle the issue. According to the Balancer’s white paper, the emergency DAO is supposed to take action in the occurrence of malicious activities or possible loss of funds.
Source: https://crypto.news/balancer-defi-protocol-warns-lps-to-withdraw-liquidity-from-five-pools/