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Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M

NewsBTC•Tuesday, November 4, 2025 at 4:00:45 PM
NegativeCryptocurrency
Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M
Balancer, a prominent decentralized finance protocol, has been hit by a major exploit, resulting in the theft of approximately $116 million from its vaults. This incident highlights the vulnerabilities in DeFi systems and raises concerns about the security of digital assets. The stolen funds, including significant amounts of WETH, osETH, and wstETH, were transferred to an external wallet, indicating a well-coordinated attack. As Balancer confirms the breach, the incident serves as a stark reminder of the risks involved in the rapidly evolving world of cryptocurrency.
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