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Attacker steals $500k worth of crypto from Balancer Pool

Attacker steals $500k worth of crypto from Balancer Pool – Decrypt

Balancer Pools are automatic market makers that use algorithms to balance the amount of each crypto running through their systems. They keep the market liquid. So, what happened? According to a write-up by 1inch Exchange, the hacker took out a flash loan and used it to attack the Balancer Pool.