The Daily: Balancer hit by $128 million exploit, Hong Kong opens global liquidity access for local crypto exchanges, and more
Balancer suffered a $128 million exploit, Hong Kong will allow crypto exchanges to share global order books, and Bitcoin slid below $108,000.Summary
DeFi protocol Balancer experienced an exploit resulting in the loss of approximately $128.6 million from its vaults across multiple chains due to a vulnerability in Balancer V2 Composable Stable Pools; affected pools were paused while an investigation proceeds. In regulatory news, Hong Kong's SFC will permit locally licensed crypto exchanges to share global order books with overseas platforms to enhance liquidity, marking a shift from its previous locally settled model. Additionally, Bitcoin dropped below $108,000 to start November, and monthly Ethereum stablecoin volume reached a record $2.8 trillion in October. Other highlights include $360 million in net outflows from crypto investment products amid Fed uncertainty and Strategy (formerly MicroStrategy) purchasing another 397 BTC.
(Source：The Block)