Wednesday, September 27, 2023
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DeFi protocol Balancer frontend is under attack, $238K crypto stolen

Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently "under an attack."The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice.The balancer frontend is under an attack. The issue is currently under investigation.

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Mountain Protocol launches yield-bearing stablecoin in Bermudas

In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X (formerly Twitter) claims that the token is fully backed by short-term U.S.

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