Balancer Forks Face Security Risks, Prompting Asset Withdrawals

GoPlus has issued a security warning about vulnerabilities in DeFi projects copying the Balancer protocol. Attacks have resulted in estimated losses of $116.6 million, prompting community-wide calls for immediate asset withdrawal. This incident highlights the ongoing risks within the DeFi space and has led to market volatility as protocols assess risk and implement safeguards. GoPlus urges users to verify their exposure to Balancer forks on DefiLlama and withdraw funds, while acknowledging concerns over transparency from certain key players in the DeFi ecosystem.