Balancer Protocol Suffers $129M Exploit in DeFi Disaster
Balancer Protocol Suffers $129M Exploit in DeFi Disaster
Balancer's v2 liquidity pools have been hit by an exploit, resulting in a loss of $129 million. The incident, labeled a 'DeFi disaster', reportedly impacted projects that utilized Balancer's code, raising concerns across the decentralized finance ecosystem.
Balancer Protocol Suffers $129M Exploit
A significant security breach has occurred within Balancer's v2 liquidity pools, leading to an estimated loss of $129 million. The exploit, which targeted various liquidity pools across multiple blockchains, has raised concerns within the broader decentralized finance (DeFi) ecosystem. Reports indicate that several projects that had forked Balancer's underlying code may also be affected by this vulnerability, highlighting systemic risks in interconnected DeFi applications.