Decentralized exchange and liquidity protocol Balancer has reportedly suffered a major security exploit, resulting in the loss of approximately $70.6 million in assets.
This isn’t the first time the network has faced such an incident. In 2023, bad actors managed to steal around $238,000 worth of crypto assets from the protocol.
Balancer Loses Over $70 Million in Reported Exploit
According to on-chain data shared by Lookonchain on X, the latest exploit involved the transfer of roughly 6,587 WETH (around $24.46 million), 6,851 osETH (around $26.86 million), and 4,260 wstETH (around $19.27 million) from Balancer-related liquidity pools, totaling about $70.6 million in digital assets.
The protocol @Balancer appears to have been exploited — about $70.6M in assets was transferred out, including:
6,587 $WETH($24.46 M)
6,851 $osETH($26.86 M)
4,260 $wstETH(~$19.27 M)https://t.co/oH4OuWSSbRpic.twitter.com/SUHwwGzI47— Lookonchain (@lookonchain) November 3, 2025
This is a developing story.
The post Balancer Hit by $70.6 Million Exploit in Latest DeFi Security Breach appeared first on BeInCrypto.
