The Balancer community has approved a proposal to end operations of the DeFi protocol and proceed with an orderly wind-down.
The Ethereum-based DeFi protocol Balancer was exploited on November 3, resulting in losses exceeding $70 million. Attackers drained multiple liquidity pools and moved funds into a single new wallet ...
Balancer protocol shutdown: BAL token holders must vote Sep 25-29 to receive proportional shares of more than $9 million in treasury assets or permanently forfeit their claim. The wind-down proposal ...
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Ethereum DeFi Protocol Balancer Loses $70M in Largest-Ever Breach, No Word From Team Yet
Ethereum-based DeFi protocol Balancer was exploited on Nov. 3, with losses exceeding $70 million. Attackers drained multiple liquidity pools and moved funds into a single new wallet within minutes.
A report on Balancer’s $128M multi-chain DeFi exploit has revealed a rounding error in its v2 vault was the root cause.
DeFi exploits resulted in losses of over $16 million in August. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you ...
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