Balancer DeFi Platform Hit by Major Exploit Resulting in $100M+ in Losses

The decentralised finance (DeFi) ecosystem was rocked by a significant exploit targeting Balancer, one of the leading DeFi platforms.

The breach specifically impacted Balancer’s V2 Composable Stable Pools, resulting in losses that reportedly exceed $100 million.

This major incident highlights ongoing security challenges within the DeFi sector and underscores the importance of robust auditing and community vigilance.

The exploit appears to be isolated to the V2 Composable Stable Pools, a subset of liquidity pools within the Balancer protocol that have been live on various blockchains for several years.

The design of these pools includes a feature known as a “pause window,” which allows emergency halting of transactions in the event of a threat.

Unfortunately, because many of these pools had existed beyond the period where this safeguard could be triggered, they remained vulnerable at the time of the attack.

Immediate Response and Containment Measures

In response to the breach ...