Balancer Hit by $110 Million Exploit in Latest DeFi Security Breach

Decentralized trade and liquidity protocol Balancer has reportedly fallen sufferer to a significant safety breach, with losses exceeding $110 million in digital property. On-chain knowledge signifies that the assault stays ongoing.

This exploit highlights ongoing vulnerabilities in DeFi infrastructure, regardless of growing regulatory scrutiny and enhanced safety efforts throughout the sector.

Balancer Exploit Drains Over $110 Million as Attack Continues

According to knowledge shared by Lookonchain on X (previously Twitter), the attackers transferred roughly 6,587 WETH, value round $24.46 million, 6,851 osETH, valued at almost $26.86 million, and 4,260 wstETH, value roughly $19.27 million, from Balancer to a brand new pockets.

The assault hasn’t stopped but. Lookonchain stories that losses from the Balancer exploit have already exceeded $110 million.

“Absolutely insane — the overall stolen funds from the Balancer exploit have now surged to $116.6 million,” Lookonchain added.

This isn’t the primary time the community has confronted such an incident. In 2023, unhealthy actors managed to steal round $238,000 worth of crypto property from the protocol. The Balancer workforce has not but issued an official assertion concerning the incident.

This is a creating story.

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