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Balancer Blames Social Engineering Attack on DNS Provider for $238K Crypto Theft

Balancer, an Ethereum-based automated market maker, has suffered a frontend compromise on its website due to a social engineering attack on its DNS service provider, EuroDNS. The attack led to the theft of an estimated $238,000 in crypto. Balancer's decentralized autonomous organization (DAO) worked to recover the Balancer UI and secured the domain, but the company is exploring deprecating the .fi TLD and suggests other projects using the same top-level domain should consider moving to a more secure registrar. The attacker employed Angel Drainer phishing contracts and SlowMist and CertiK reported that the hacker may be related to Russia.

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