Balancer Warns Legacy V1 LPs to Exit After Pool-Draining Bug
Balancer said the deprecated pools are non-pausable, while SlowMist attributed a roughly $234,000 V1 drain to a fixed-point rounding flaw. Balancer warned liquidity providers on Aug.
Why It Matters
This story touches on balancer, warns, legacy — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: Balancer said the deprecated pools are non-pausable, while SlowMist attributed a roughly $234,000 V1 drain to a fixed-point rounding flaw.
- Fact 2: 31 to withdraw from its legacy V1 pools after saying it was aware of a bug that allows LP funds to be drained.
- Fact 3: Rounding Flaw Preceded the Warning Blockchain security firm SlowMist separately estimated that one Balancer V1 pool lost roughly $234,000.
- Fact 4: Balancer's public exit-interface documentation says the tool scans positions against a bundled pool list and supports proportional exits from V1 core and smart pools.
Balancer said the deprecated pools are non-pausable, while SlowMist attributed a roughly $234,000 V1 drain to a fixed-point rounding flaw. Balancer warned liquidity providers on Aug.
31 to withdraw from its legacy V1 pools after saying it was aware of a bug that allows LP funds to be drained. The protocol said the deprecated pools are non-pausable, leaving users — rather than a protocol-initiated pause — as the immediate line of defense. Balancer directed users to exit proportionally through its legacy withdrawal interface and said its other products are not affected.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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