Balancer’s $120M Meltdown: How A Series of Small Swaps Almost Broke a Top AMM
The Balancer v2 exploit on November third resulted in losses of round $120 million throughout its foremost protocol and a number of forks. According to the SlowMist safety group’s post-incident evaluation, the exploit stemmed from a precision loss flaw within the integer fixed-point arithmetic used to calculate scaling elements inside Composable Stable Pools, that are…
