Balancer Hack: DeFi protocol suffered a serious exploit that drained greater than $129 million in crypto property. Multiple chains, together with Ethereum, Base, and Berachain, are impacted by the hack that focused V2 vaults and liquidity swimming pools.
Balancer Hack: v2 Pools Exploit Led to $129M in Losses
Decentralized finance protocol Balancer confirmed an exploit impacting v2 swimming pools on November 3. The engineering and safety groups are investigating the exploit, with hackers actively changing liquid staking protocols’ native tokens (LST) into ETH in real-time.
PackShieldAlert reported an enormous $129 million in crypto property largely linked to Ethereum have been drained by hackers. The stolen crypto property throughout a number of chains included WETH, osETH, wstETH, sfrxETH, and rsETH.
According to Spot On Chain knowledge, Ethereum, Base, Optimism, Sonic, Polygon, and Berachain networks are impacted. Notably, a dormant whale handle 0x009 simply wakened after the exploit and withdrew $7.38 million value of property from Balancer.
The assault focused Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in the good contract. On-chain investigators highlighted a maliciously deployed contract that manipulated Vault calls throughout pool initialization.
Notably, improper authorization and callback dealing with enabled the hackers to bypass safeguards. This triggered unauthorized swaps or steadiness manipulations throughout interconnected swimming pools, draining property from a number of chains.
Bera Validators Halts Chain for Hard Fork
Bera Foundation revealed that validators have purposefully halted the Berachain community. The core crew will carry out an emergency arduous fork to handle Balancer V2-related exploits on the chain. The basis added that the community will likely be reside once more after recovering all affected funds.
Smokey The Bera posted on X that Ethena crew was contacted to disable bridging out of Bera, disabled lending markets and deposits for USDe, paused HONEY mints and redemption, and contacted CEXes to make sure that addresses are blacklisted.
The Bera validator set has purposefully halted the chain to stop the Balancer exploit which affected the BEX, primarily the USDe tripool.
– Got Ethena crew to disable bridging out of Bera
– Had lending markets disable / pause deposits for USDe
– Paused HONEY mints / redeems
-… https://t.co/g9TQu6qzOA— Smokey The Bera 🐻⛓ (@SmokeyTheBera) November 3, 2025
BAL Token Price Tumbles
BAL token worth tumbled over 10% in the previous few hours, with the worth presently buying and selling at $0.897. The 24-hour high and low are $0.8977 and $1.02, respectively. Trading quantity has elevated by 56% amid the Balancer hack.
BERA token plunges 7%, with the worth presently buying and selling at $1.69. Trading quantity elevated by 93% in the previous 24 hours. All liquid staking tokens resembling LDO, JTO, RPL, amongst others, noticed costs dropping amid the huge unstaking response by buyers.
Meanwhile, Ethereum worth additionally prolonged the intraday fall and tumbled over 4% in the previous 24 hours. The worth presently buying and selling at $3,686, with a 24-hour high and low of $3,667 and $3,914, respectively.
