Balancer audits under scrutiny after $100M+ exploit
NegativeCryptocurrency

Balancer, a decentralized finance platform, is facing serious scrutiny after a recent exploit that resulted in over $100 million being drained from its staked Ether. Despite undergoing 11 audits by four different security firms since 2021, the vulnerability was still exploited by a malicious actor. This incident raises significant concerns about the effectiveness of security audits in the crypto space and highlights the ongoing risks associated with decentralized finance platforms, making it crucial for users to remain vigilant.
— Curated by the World Pulse Now AI Editorial System






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