{"id":32757,"date":"2025-11-04T13:12:58","date_gmt":"2025-11-04T13:12:58","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=32757"},"modified":"2025-12-29T11:43:06","modified_gmt":"2025-12-29T11:43:06","slug":"balancer-protocol-attacked-116-million-stolen","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/balancer-protocol-attacked-116-million-stolen\/","title":{"rendered":"Balancer Protocol Attacked, $116 Million Stolen"},"content":{"rendered":"\n

The Balancer platform, which serves as a decentralized finance (DeFi)<\/strong> and exchange, was hit by a cyber attack<\/strong>, and $116 million<\/strong> worth of crypto assets were stolen from wallets.<\/p>\n\n\n\n

In recent weeks, the cryptocurrency market has turned into a bloodbath due to manipulations believed to be carried out by Donald Trump and former Binance founder CZ. Liquidity hunts, which used to happen once or twice a month, are now occurring daily. Small investors<\/strong> who entered the market dreaming of making money have become the prey.<\/p>\n\n\n\n

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\ud83d\udcc9 Bad News Piles Up<\/h2>\n\n\n\n
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While waiting for good news to act as a remedy for the market, unfortunately, bad news is coming one after another. The Balancer platform, long used as a DeFi protocol<\/strong>, was subjected to a cyber attack, and $116 million<\/strong> in assets was stolen.<\/p>\n\n\n\n

It is estimated that the attackers exploited a vulnerability<\/strong> in the execution process of the smart contracts<\/strong> and withdrew the funds with a single command. Assets were stolen not only from the Balancer platform but also from its sub-platforms, known as forks<\/strong>.<\/p>\n\n\n\n

The Balancer team announced that anyone who can fully return the stolen assets will be gifted 20% of the funds<\/strong>. They also stated that if the funds are not returned within 48 hours<\/strong>, they will cooperate with law enforcement.<\/p>\n\n\n\n

Balancer had been attacked before, but the amount stolen was not as massive as this time. The already fragile market fell again<\/strong> following this news, with the Bitcoin price touching the $103,000 level<\/strong>.<\/p>\n\n\n\n

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