{"id":15021,"date":"2025-11-03T10:59:04","date_gmt":"2025-11-03T10:59:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/balancer-protocol-drained-of-116m-in-ongoing-cyberattack\/"},"modified":"2025-11-03T10:59:12","modified_gmt":"2025-11-03T10:59:12","slug":"balancer-protocol-drained-of-116m-in-ongoing-cyberattack","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/balancer-protocol-drained-of-116m-in-ongoing-cyberattack\/","title":{"rendered":"Balancer protocol drained of $116m in ongoing cyberattack"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>An exploit has shaken the Balancer protocol, putting millions of dollars at risk within hours.<\/p>\n<div id=\"cn-block-summary-block_e851c9ae4ed967f103095a486c49ebed\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Balancer exploited for $116 million, marking the first major crypto hack reported in November.<\/li>\n<li>October saw over $88 million stolen across around 20 separate incidents, bringing 2025\u2019s total losses to more than $2 billion.<\/li>\n<li>Security concerns persist as DeFi protocols continue to face vulnerabilities despite increased audits and on-chain monitoring.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Decentralized exchange and automated portfolio management protocol Balancer was targeted in a large-scale attack earlier today with roughly $70.6 million in assets initially siphoned from the protocol. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/nansen_ai\/status\/1985257594525721081?s=46\">Data<\/a> from Nansen shows that the funds included 6,587 WETH, 6,851 osETH, and 4,260 wstETH, which were swiftly moved out in a series of transactions.\u200b<\/p>\n<p>The exploit did not stop there. Additional transfers continued throughout the morning, expanding the scale of the breach. As the activity spread, the total stolen amount climbed rapidly.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Balancer hacker wallet | Source: <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1985268858299846841\">Lookonchain via X<\/a><\/figcaption><\/figure>\n<p>On-chain data now shows that the total amount stolen so far stands at $116.6 million. New tokens and chains were added to the attack, broadening the impact as funds moved across Ethereum, Arbitrum, Base, Sonic, OP, and Polygon networks.\u200b<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The incident is still unfolding, with funds moving as investigations remain ongoing. The full scale and long-term repercussions of this exploit on Balancer and its users are yet to be determined.<\/p>\n<h2 class=\"wp-block-heading\">Balancer hack builds on year-long trend<\/h2>\n<p>The Balancer exploit marks the first major hack reported in November, extending a worrying streak of security breaches that hit the crypto sector last month. October saw more than $88 million stolen across roughly 20 incidents, affecting both centralized platforms and DeFi protocols.\u00a0<\/p>\n<p>Among the most significant incidents in October were attacks on projects across multiple networks, including Ethereum, BNB Chain, and Base. Several protocols faced flash-loan manipulations, while others suffered from contract vulnerabilities that allowed hackers to drain liquidity pools within minutes.\u00a0<\/p>\n<p>The growing number of incidents has pushed 2025\u2019s total losses from crypto hacks to more than $2 billion. This steady rise in stolen funds underscores how persistent the threat remains, even as projects strengthen security measures and conduct more frequent audits.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>An exploit has shaken the Balancer protocol, putting millions of dollars at risk within hours. Summary Balancer exploited for $116 million, marking the first major crypto hack reported in November.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15021"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15021\/revisions"}],"predecessor-version":[{"id":15022,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15021\/revisions\/15022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1981"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}