Balancer, one of the most established decentralized finance (DeFi) protocols with more than $700 million in total value locked (TVL), appears to have suffered a serious exploit, adding fresh stress to an industry still grappling with security concerns. Early on-chain evidence indicates that attackers drained assets across multiple chains, with losses now exceeding $98 million,…
Balancer, a major DeFi protocol, has suffered a significant exploit, with approximately $116 million drained from protocol vaults. On-chain data shows large, unusual outflows from Balancer’s “0xBA1…BF2C8” address to an external wallet, including 6,587 WETH (~$24.5M), 6,851 osETH (~$26.9M), and 4,260 wstETH (~$19.3M). The scale and nature of the transfers point to a coordinated attack…
SUI token drops 9.2% after a $116M DeFi exploit shakes crypto markets, sparking institutional sell-offs and shifting trust toward verified projects like XRP Tundra. The cryptocurrency market witnessed another sharp shock recently as SUI, the native token of the Sui blockchain, fell 9.2% following renewed fears about DeFi vulnerabilities. The decline came after news of…