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Balancer Liquidity Pools Hit by $128 Million Crypto Theft

Balancer Liquidity Pools Hit by $128 Million Crypto Theft

Berachain Foundation’s full $12.8M recovery from the Balancer V2 exploit marks an uncommon complete restitution in decentralized finance hacks, enabling partial service restoration amid ongoing restrictions.

Summary

Berachain Foundation confirmed the full recovery of $12.8 million stolen in the Nov. 3 BEX/Balancer V2 exploit, returning the funds to its Foundation Deployer address. This rare full restitution in a major DeFi hack allows blockchain operations and HONEY mint/redeem to resume, while BEX trading remains restricted pending investigations. The breach affected Balancer’s V2 Composable Stable Pools on Nov. 3, making it one of 2025’s largest DeFi incidents.

Terms & Concepts
  • V2 Composable Stable Pools: Balancer’s second-generation liquidity pools designed for stable assets, allowing composable interactions between pools for optimized trading and liquidity.
  • WETH: Wrapped Ether, an ERC-20 token representing Ether, used for compatibility with Ethereum-based decentralized applications.
  • wstETH: Wrapped staked Ether from the Lido protocol, representing staked ETH with a fixed exchange rate for DeFi integrations.