DeFi protocol Balancer potentially exploited as onchain data shows millions in outflows
DeFi protocol Balancer is potentially facing an exploit resulting in approximately $88 million in asset outflows from its vaults.Summary
The DeFi protocol Balancer appears to have suffered an exploit, with security firm PeckShield reporting that roughly $88 million in assets were drained from its vaults across multiple chains. Onchain data from Etherscan revealed large, unusual transfers, including significant amounts of WETH ($24.5 million), osETH ($26.9 million), and wstETH (~$19.3 million). While the Balancer team has not yet commented, early indicators suggest an unauthorized withdrawal rather than a routine liquidity migration, a suspicion supported by analytics firms like Nansen. Balancer, an automated portfolio manager active since 2020, holds over $350 million in TVL on Ethereum alone. Following news of the potential theft, the price of Balancer's native token, BAL, dropped by over 4%.
(Source：The Block)