Balancer Exploited for $128 Million Across Ethereum Chains as Berachain Halts Network
Update: 2025-11-03
Description
On November 3rd, a major crypto exploit hit Balancer, an automated market maker, resulting in a staggering $128 million loss across multiple blockchains. The attack also impacted Berachain, a new blockchain that had to halt operations. The vulnerability was traced back to a tiny math error in Balancer V2, leading to a series of quick swaps that allowed the hacker to exploit the rounding problem and steal tokens. The stolen funds were quickly moved through multiple wallets and exchanges, making recovery nearly impossible. Berachain's developers decided to halt the blockchain and plan an emergency hard fork to fix the issue, a controversial move in the crypto world. Both Balancer and Berachain tokens plummeted in value following the news, highlighting the volatile nature of digital finance.
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