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Coinjurnal

Balancer's $70 million breach exposes DeFi's fragile foundation

The moved assets included StakeWise Staked Ether (OSETH), Wrapped Ether (WETH), and Lido wstETH (wSTETH). In September 2023, Balancer suffered a phishing attack that resulted in a loss of about $238,000. A separate August exploit drained nearly $1 million after a vulnerability was found in Balancer's liquidity pools. A suspected exploit involving nearly $70 million [...]The post Balancer's $70 million breach exposes DeFi's fragile foundation appeared first on CoinJournal.

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