The post Balancer Loses Over $70 million in Major DeFi Exploit appeared on BitcoinEthereumNews.com. Decentralized exchange and liquidity protocol Balancer has reportedly suffered a major security exploit, resulting in the loss of approximately $70.6 million in assets. This isn’t the first time the network has faced such an incident. In 2023, bad actors managed to steal around $238,000 worth of crypto assets from the protocol. Sponsored Sponsored Balancer Loses Over $70 Million in Reported Exploit According to on-chain data shared by Lookonchain on X, the latest exploit involved the transfer of roughly 6,587 WETH (around $24.46 million), 6,851 osETH (around $26.86 million), and 4,260 wstETH (around $19.27 million) from Balancer-related liquidity pools, totaling about $70.6 million in digital assets. This is a developing story. Source: https://beincrypto.com/balancer-exploit-security-breach-defi-losses/The post Balancer Loses Over $70 million in Major DeFi Exploit appeared on BitcoinEthereumNews.com. Decentralized exchange and liquidity protocol Balancer has reportedly suffered a major security exploit, resulting in the loss of approximately $70.6 million in assets. This isn’t the first time the network has faced such an incident. In 2023, bad actors managed to steal around $238,000 worth of crypto assets from the protocol. Sponsored Sponsored Balancer Loses Over $70 Million in Reported Exploit According to on-chain data shared by Lookonchain on X, the latest exploit involved the transfer of roughly 6,587 WETH (around $24.46 million), 6,851 osETH (around $26.86 million), and 4,260 wstETH (around $19.27 million) from Balancer-related liquidity pools, totaling about $70.6 million in digital assets. This is a developing story. Source: https://beincrypto.com/balancer-exploit-security-breach-defi-losses/