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Decentralized yield protocol Barley Finance announced on social network X a temporary outage that occurred after an attacker exploited a vulnerability in the wBARL module.
The Barley Finance team stated that the undocumented functionality of the wBARL module allowed a hacker to steal more than 10% of the total number of BARL tokens hosted in the module.
Barley Finance noted that the damage to platform users is insignificant, since most of the stolen crypto assets belonged to the project team and were used to finance marketing and development. The amount of damage was not disclosed.
“As the number of affected stakers is small, we are willing to consider compensation for damages,” Barley Finance said.
The project team is keeping the problem under close control and working to fix it. In the near future, the wBARL module contract will be changed, and the functionality that caused the vulnerability will be eliminated.
The Barley Finance team stated that the undocumented functionality of the wBARL module allowed a hacker to steal more than 10% of the total number of BARL tokens hosted in the module.
An exploit occurred on the wBARL pod. We have the problem under control and are here to fix it. 1/. The exploiter took more than 10% of the total BARL supply in the pod, of which about 9% was the development team's collateral, used from Marketing and Dev… — Barley Finance (@Barley_Finance) January 28, 2024
Barley Finance noted that the damage to platform users is insignificant, since most of the stolen crypto assets belonged to the project team and were used to finance marketing and development. The amount of damage was not disclosed.
“As the number of affected stakers is small, we are willing to consider compensation for damages,” Barley Finance said.
The project team is keeping the problem under close control and working to fix it. In the near future, the wBARL module contract will be changed, and the functionality that caused the vulnerability will be eliminated.