🔥DeFi protocol Balancer was hacked, with losses exceeding $120 million

The hacker exploited a vulnerability in the Balancer V2 smart contract, using the cross-pool interaction mechanism to drain assets within minutes.

Estimated losses across networks:

Ethereum: approximately $70 million

Base & Sonic: approximately $7 million

Op: $1.5 million

Arb: $8 million

Total: approximately $120 million, involving assets such as WETH, wstETH, osETH, rETH...

If you are using Balancer, please be aware:

1️⃣ Withdraw funds from Balancer V2 immediately.

2️⃣ Revoke access (using Revoke/DeBank/Etherscan).

Currently, Balancer has announced a willingness to pay 20% of the value of stolen assets as a white hat reward to recover this $120 million.

The market was already weak, and now it has encountered a hacker attack, which is truly disappointing.

Market update information does not constitute investment advice.