Summary: The Balancer DeFi protocol has been hacked twice within the past 24 hours, as reported by Cointelegraph. In the first attack, $500,000 worth of Compound tokens were stolen. In the second, $2,300 worth was lost. The hacker was able to trick Balancer's system into thinking they were owed tokens held by the exchange, an engineer ...

The Balancer DeFi protocol has been hacked twice within the past 24 hours, as reported by Cointelegraph.

In the first attack, $500,000 worth of Compound tokens were stolen. In the second, $2,300 worth was lost. The hacker was able to trick Balancer's system into thinking they were owed tokens held by the exchange, an engineer at Balancer reported in a tweet.

The company announced that it would reimburse all users who loss funds in the attacks and will pay a researcher who reported on the bug which made this type of attack possible months ago. 

By Emily Mason