Balancer Hit by Apparent Exploit as $110M in Crypto Moves to New Wallets
Update: 2025-11-03
Description
Balancer, a leading DeFi protocol, suffers its biggest hack yet, with over $110 million in digital assets stolen. The attack targeted vaults on Balancer's version two platform, exploiting a flaw in the manageUserBalance function, allowing attackers to fake identities and withdraw tokens. The damage extends beyond Balancer, with connected platforms like Beets Finance also affected, potentially risking over $60 million more. As Balancer's price drops and the crypto community demands answers, this is the third major exploit for the project since 2021, raising serious questions about the security of even the largest DeFi names.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
