Balancer hack shows signs of months-long planning by skilled attacker
Onchain analysis suggests the $116 million Balancer exploit was orchestrated by a skilled actor over months, using careful funding methods.Summary
Onchain analysis of the $116 million Balancer decentralized exchange exploit indicates the attacker was highly skilled and meticulously planned the attack over several months. The exploiter funded their account using small 0.1 Ether deposits mixed through Tornado Cash, with at least 100 ETH already present in the mixer, suggesting prior illicit activity. Blockchain security firm Cyvers described the attack as sophisticated, noting that the attackers bypassed access control layers to manipulate asset balances directly, highlighting a failure in operational governance rather than core protocol logic. This sophistication draws parallels to groups like the North Korean Lazarus Group, which is known for extensive preparation before major hacks, such as the recent $1.4 billion Bybit exploit.
(Source：Cointelegraph)