Balancer hit by suspected $70M exploit with staked Ether tokens sent to new wallet
Balancer is suspected of a $70 million DeFi exploit after millions in staked Ether tokens were moved to a new wallet.Summary
Decentralized exchange (DEX) Balancer may have suffered a significant exploit, with on-chain data showing approximately $70.9 million in liquid staked Ether tokens transferred across three transactions to a newly created wallet. The transferred assets included OSETH, WETH, and wstETH, according to Nansen. While Balancer has not officially confirmed the breach, the movement of funds suggests a security failure. Blockchain security firm Cyvers estimated that suspicious transactions potentially related to Balancer across multiple chains totaled up to $84 million. This incident follows previous security issues for Balancer, including a DNS attack two months prior that resulted in about $238,000 stolen via phishing, and a nearly $1 million stalecoin exploit in August.
(Source：Cointelegraph)