Main Ethereum-based DeFi protocol Balancer has turn out to be the most recent sufferer of a hack, with attackers draining almost $120 million from its vaults.
A number of blockchain analytics platforms, together with Lookonchain and PeckShieldAlert, have referred to as the general public’s consideration to the incident. Whereas Lookonchain reviews that $116.63 million price of crypto belongings have been siphoned from Balancer Vault, PeckShieldAlert places the determine at round $128.64 million.
Belongings Stolen
Based on knowledge from Lookonchain, the attackers maintain roughly $99.5 million of the stolen belongings on the Ethereum blockchain, accounting for about 85% of the full loot. The remaining funds have been distributed throughout different networks, together with Arbitrum ($7.9 million), Base ($3.9 million), Sonic ($3.4 million), OP Mainnet ($1.5 million), and Polygon ($231,000).
The stolen belongings comprise a mixture of liquid tokens and staked derivatives, together with Lido (stETH), Frax, Rocket Pool (rETH), and Balancer V2 pool tokens.
In the meantime, knowledge from Etherscan highlights a few of the token transfers, together with 6,851 osETH, 6,587 WETH, and 4,259 wstETH. These belongings have been transferred from Balancer Vault to an handle now labeled as ‘Balancer Exploiter 2.’
The tokens have been nonetheless held within the attackers’ addresses as of press time.
Balancer Confirms Hack
Taking to X, the Balancer staff confirmed the incident, stating that the exploit affected its Balancer V2 Swimming pools. The staff famous that its safety and engineering divisions have launched a high-priority investigation into the breach, whereas promising to share verified updates as soon as correct data is confirmed.
Within the meantime, Balancer warned customers to keep away from clicking on hyperlinks within the remark or reply sections, cautioning that scammers would possibly try to take advantage of the scenario by means of phishing assaults.
We’re conscious of a possible exploit impacting Balancer v2 swimming pools.
Our engineering and safety groups are investigating with excessive precedence.
We’ll share verified updates and subsequent steps as quickly as we now have extra data.
— Balancer (@Balancer) November 3, 2025
3-12 months Dormant Whale Withdraws Over $6M Belongings from Balancer
As anticipated, the assault has sparked widespread concern within the crypto neighborhood. Amid the incident, a whale handle that had been dormant for over three years all of a sudden grew to become lively, withdrawing roughly $6.5 million from Balancer in two separate transactions.
The primary switch concerned $1.29 million price of WETH, whereas the second moved $5.19 million price of GNO. With analysts suggesting that the hack may nonetheless be ongoing, Lookonchain urged Balancers customers to take motion by securing their belongings.
For context, this isn’t the primary time that Balancer has been a sufferer of a hack. In 2020, attackers stole round $500,000 from the DeFi protocol. It additionally suffered a number of hacks in 2023, together with a flash mortgage assault in August, which resulted in attackers siphoning off over $2 million in that incident.
Nonetheless, the current hack represents one of many largest Balancer has suffered since its launch in March 2020.
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