Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit
Balancer, one of the most established decentralized finance (DeFi) protocols with more than $700 million in total value locked (TVL), appears to have suffered a serious exploit, adding fresh stress to an industry still grappling with security concerns. Early on-chain evidence indicates that attackers drained assets across multiple chains, with losses now exceeding $98 million, making this one of the largest DeFi breaches of 2025 so far. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details The attack appears to have targeted Balancer liquidity pools,....
Related News
Gnosis and Balancer Labs announced the deployment of the Balancer-Gnosis-Protocol (BGP), a new decentralized exchanged running on top of Ethereum. Felix Leupold, Software Engineer Lead at Gnosis, broke down some key points on the protocol and how it will help users to trade with better cost-efficiency. The Balancer-Gnosis Protocol will converge two components, as part […]
In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a critical vulnerability impacting multiple Pools. The attack, which took place on August 27, resulted in a loss of nearly $1 million for Balancer. Previously, on August 22, NewsBTC reported that Balancer had discovered a critical vulnerability affecting its protocol. However, despite efforts to mitigate the risks and caution users, Balancer could not pause the affected pools. In response, the protocol urged users to withdraw from the impacted liquidity....
Balancer, a prominent decentralized finance (DeFi) liquidity protocol, finds itself in the spotlight following an alarming exploit driven by a critical vulnerability discovered in its v2 pools just last week. The incident has sent shockwaves throughout the DeFi community, shedding light on the persistent challenges faced by platforms operating in this rapidly evolving landscape. The […]
On Wednesday, the programmable liquidity platform Balancer Protocol announced the project has partnered with the Wallstreetbets defi project Wsbdapp. The announcement details that the two projects will collaborate in order to launch Wsbdapp’s exchange-traded portfolios (ETPs) on Balancer V2. Balancer Protocol and Wallstreetbets’ Defi Project Partner to Launch Exchange-Traded Portfolios Last week, Bitcoin.com News reported on the newly launched Wsbdapp decentralized finance (defi) platform hosted on the website wsbdapp.com. The application’s creators claim to be the....
Protocol integrations, gas fee reimbursements and a bump in DeFi activity back Balancer’s rally to a new all-time high. Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021 but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses have been jumping into the NFT ring. A break from the spotlight has allowed some of the more popular DeFi projects like Balancer (BAL) to regroup and plan out the next steps for their protocols as they work towards creating a more interoperable and....