Balancer exploit swells to $116M in outflows as team offers 20% bounty
DeFi protocol Balancer is the target of an ongoing exploit, with more than $116 million in staked Ether tokens transferred to a new wallet.
Update Nov. 3, 10:42 am UTC: This article has been updated to include a section on Berachain’s emergency hard fork.
Update Nov. 3, 9:47 am UTC: This article has been updated to add the latest figures, Balancer’s white hat bounty offer and comments from Nicolai Sondergaard, research analyst at Nansen.
Update Nov. 3, 9:21 am UTC: This article has been updated to include a section on the Balancer flash loan attack from 2020.