Balancer Moves $70 Million in Crypto Assets Amid Possible Security Incident

Balancer Moves $70 Million in Crypto Assets Amid Possible Security Incident

Attackers targeted Balancer liquidity pools, draining wrapped ETH and liquid-staking derivatives in a sophisticated cross-chain operation amid fragile market sentiment.

WSTETH
WETH
OSETH

Summary

Balancer, a leading DeFi protocol with over $700 million in total value locked, suffered a major exploit resulting in losses exceeding $98 million. Attackers drained assets across multiple chains, targeting liquidity pools and stealing 6,587 WETH (~$24.46M), 6,851 osETH (~$26.86M), and 4,260 wstETH (~$19.27M). Stolen funds were quickly routed through mixing services and bridge networks, suggesting a coordinated effort to obfuscate transactions. The breach, one of the largest DeFi incidents in 2025, comes amid ongoing market weakness and renewed scrutiny of smart-contract vulnerabilities. Balancer’s native token BAL trades near $0.97, close to multi-year lows, reflecting persistent bearish momentum since mid-2024.

Terms & Concepts
  • WETH: Wrapped Ether, a token representing Ether in the ERC-20 standard to enable compatibility with decentralized applications.
  • osETH: A liquid staking derivative of Ether, representing staked assets while maintaining liquidity for use in DeFi protocols.
  • wstETH: Wrapped Staked Ether, a wrapped version of stETH that maintains a fixed balance and is used in DeFi protocols.
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