Balancer News The Balancer News Channel offers comprehensive coverage of all things related to Balancer and its various trading assets. It presents up-to-the-minute news, nuanced market analyses, trends, forecasts, and recent market changes. The latest two news from Balancer :
Balancer makes last appeal to hacker behind $100M+ exploit,
Balancer exploit and Stream contagion expose DeFis fragile core: Finance Redefined

Balancers DAO issued a Saturday deadline for the hackers behind a more than $100 million exploit of staked Ether earlier this week to discuss returning the funds.

November tested DeFi resilience with major exploits and credit risks, but the sector responded with new alliances, risk ratings and transparency tools.

Decentralized finance protocol Balancer outlined the root cause of the recent $116 exploit and its ongoing response to the incident.

The $116 million Balancer hack was likely orchestrated by a sophisticated hacker who had months of preparation ahead of the attack.

DeFi protocol Balancer said that it had “undergone extensive auditing by top firms” before an exploit removed more than $100 million in staked digital assets.

Balancer detected about $70 million worth of staked Ether tokens being transferred into a new crypto wallet, indicating a potential exploit.

DeFi protocol Balancer has been exploited, with millions worth of staked Ether tokens being transferred into a new crypto wallet.
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets.
The exploiter drained $197 million through multiple transactions and later used a multichain bridge to transfer the funds from the BNB Smart Chain to Ethereum.
A cross-chain bridge is a technology that allows sending of assets or data from one blockchain network to another.

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