Balancer warns of v1 contract flaw and urges LPs to withdraw liquidity

Balancer said it has identified a vulnerability in its legacy Balancer v1 contracts that could allow liquidity provider, or LP, funds to be drained. The project said the affected pools have already been deprecated and cannot be paused, leaving withdrawal as the recommended course of action for users still providing liquidity there. Balancer urged users to remove their funds as soon as possible. It also said the issue is limited to the older v1 contracts and does not affect other Balancer products. The notice focuses on risk to LP capital in deprecated pools and does not mention any impact beyond those contracts.