Balancer Exploit Losses Surpass $98 Million Across Multiple Blockchains
Berachain Foundation’s recovery of $12.8 million from the Balancer V2 exploit marks a rare full restitution in a major 2025 DeFi hack, offering partial relief to impacted funds.
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Summary
Berachain Foundation has confirmed the recovery of $12.8 million lost in the Nov. 3 Balancer V2 exploit, marking a rare instance of full restitution to the affected assets within its scope. The original breach on Feb. 14 drained roughly $116 million from Balancer’s V2 Composable Stable Pools, including large holdings of WETH, osETH, and wstETH, amid a crypto market downturn. The recovery represents one of the few successful fund restitutions following a major DeFi exploit this year.
Terms & Concepts
- Balancer: A decentralized finance (DeFi) protocol that allows automated portfolio management and cryptocurrency trading.
- V2 Composable Stable Pools: A type of Balancer liquidity pool allowing complex multi-token stable asset management, designed to maintain stability between assets but still vulnerable to certain exploits.
- WETH: Wrapped Ether, an ERC-20 token pegged to Ethereum’s value that facilitates its use in decentralized applications.