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