Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit

Balancer, one of the most established decentralized finance (DeFi) protocols with more than $700 million in total value locked (TVL), appears to have suffered a serious exploit, adding fresh stress to an industry still grappling with security ￰0￱ on-chain evidence indicates that attackers drained assets across multiple chains, with losses now exceeding $98 million, making this one of the largest DeFi breaches of 2025 so ￰1￱ Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details The attack appears to have targeted Balancer liquidity pools, siphoning high-value assets including wrapped ETH and liquid-staking derivatives through coordinated cross-chain ￰2￱ wallet traces show funds rapidly routed through mixing services and bridge ￰3￱ suggests a sophisticated operation designed to minimize ￰4￱ is not the first time Balancer has faced a security incident, and the scale of this exploit reignites conversations around protocol hardening, liquidity pool design risk, and cross-chain attack ￰5￱ also deals a blow to market confidence at a time when institutional interest in DeFi infrastructure has been slowly ￰6￱ $98M in ETH-Based Assets Drained as Market Weakness Adds Pressure According to on-chain data compiled by Lookonchain, the Balancer exploit resulted in the loss of a significant amount of high-value Ethereum-based ￰7￱ the stolen funds were 6,587 WETH (worth approximately $24.46 million), 6,851 osETH (valued around $26.86 million), and 4,260 wstETH (roughly $19.27 million).

These figures confirm that the attacker targeted core liquidity holdings, particularly liquid-staking assets and wrapped ￰8￱ commonly used in advanced DeFi strategies and institutional ￰9￱ scale of outflows highlights the exploit’s severity and underscores persistent vulnerabilities in cross-chain and liquidity-pool ￰10￱ importantly, this incident has arrived at a sensitive moment for the ￰11￱ is already under selling pressure, struggling to reclaim key levels amid broader crypto market ￰12￱ appetite has thinned, liquidity has become more selective, and sentiment remains fragile following recent ￰13￱ Balancer breach adds another layer of stress to an ecosystem trying to regain its ￰14￱ exploits like this serve as a stark reminder that smart-contract risk remains one of the sector’s biggest ￰15￱ investors already cautious, the timing amplifies uncertainty — and the market’s reaction in the coming days will be a critical test for confidence across the Ethereum and DeFi ￰16￱ Reading: Bitcoin Point Of Control Sits At $117K – Key Battle Zone For Bulls Balancer (BAL) Trades Near Cycle Lows as Sellers Maintain Control Balancer’s native token BAL continues to trade under heavy pressure, now sitting near $0.97 and hovering close to multi-year ￰17￱ weekly chart reflects persistent weakness, with price trending steadily downward since mid-2024 and repeatedly failing to reclaim key moving ￰18￱ 50-week and 100-week moving averages remain firmly above price and slope downward, reinforcing a long-term bearish structure and signaling that momentum remains with ￰19￱ attempts to rebound have been shallow and ￰20￱ limited buying interest and a reluctance from market participants to position aggressively following the latest exploit ￰21￱ weakness predates the incident.

However, BAL has been in a consistent downtrend for months, struggling to sustain demand even during broader market relief ￰22￱ Reading: $780M Worth of Ethereum Pulled From Exchanges – Biggest Withdrawal Spike in Weeks With the token sitting near its post-listing lows, the market is in a “show-me” ￰23￱ need to reclaim at least the $1.20–$1.40 area and break above the 50-week moving average to challenge the prevailing ￰24￱ to do so risks deeper price compression and potential price discovery ￰25￱ image from ChatGPT, chart from ￰26￱