🧨 Balancer hacked: over $70 million vanished — DeFi security called into question

The Balancer protocol, one of the most well-known DEXs in DeFi, has just fallen victim to a major exploit: over $70.9 million in staked ETH has been transferred to a new suspicious wallet.

The attack, related to a flaw in the access verification of its smart contracts, is said to have allowed a hacker to make unauthorized withdrawals.

👉 The Balancer team has confirmed they are actively investigating and is offering a 20% bounty to the hacker if they return the funds within 48 hours.

This is not the first incident: Balancer has already suffered several hacks in recent years, highlighting that even reputable projects remain vulnerable without rigorous audits and continuous updates.

💡 Keep in mind

DeFi remains powerful but fragile: every line of code matters.

Users must diversify their positions and inquire about the security of the protocols used.#Binanceholdermmt