Balancer Hacked? DeFi Platform Hit by Apparent Exploit as $70M in Crypto Moves
Decentralized finance protocol Balancer suffered an apparent exploit, resulting in approximately $70.9 million in digital assets being drained to a new wallet.Summary
The decentralized finance (DeFi) protocol Balancer, which has over $750 million in value locked, was hit by what appears to be a major exploit, with on-chain data indicating that roughly $70.9 million in digital assets were drained to a new wallet. The affected funds specifically included 6,850 osETH, 6,590 WETH, and 4,260 wstETH, impacting Balancer version 2 (V2). The exploiter's address has started consolidating these assets, raising concerns about potential laundering via mixers or cross-chain bridges. Following the news, Balancer's BAL token dropped over 5% from its Monday peak. The Balancer team had not yet issued an official statement, but this incident marks the third known security breach for the project, following previous incidents in 2021 and 2023.
(Source：CoinDesk)