Balancer DeFi Protocol Allegedly Exploited for $116 Million

Balancer Exploit Reported

PerkShield reported a significant exploit on Balancer, a DeFi protocol, with $118 million allegedly drained from its vaults.
Lookonchain confirmed the withdrawals, noting 6,587 WETH ($24.46M), 6,851 osETH ($26.86M), and 4,260 wstETH ($19.27M) were transferred out.
Etherscan logs indicated large transfers from Balancer's address to an external wallet.
The Balancer team has not officially commented, but indicators suggest a potential exploit or unauthorized withdrawal.

Context of Crypto Scams

This incident follows multiple scams in the crypto industry this year.
A US crypto user recently lost $3 million due to hacking, with funds laundered through OTC venues.
Typus Finance experienced a $3.44 million exploit in October, marking the third major hack on Sui’s DeFi ecosystem in 2025.