Balancer $120M DeFi Exploit Sparks Market Concerns and Recovery Bounty
The post Balancer $120M DeFi Exploit Sparks Market Concerns and Recovery Bounty appeared on BitcoinEthereumNews.com.
COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → The Balancer exploit in October 2023 resulted in a $120 million loss due to vulnerabilities in its smart contract swap logic, leading to widespread DeFi market instability and asset depegging across multiple protocols. Balancer DeFi exploit caused $120M theft through flawed swap mechanisms. Immediate market reaction included stablecoin depegging and liquidity disruptions in lending platforms. Balancer offered a 20% bounty for ethical hackers to aid in fund recovery, highlighting ongoing recovery efforts. Discover the Balancer DeFi exploit details: $120M loss in 2023 shook markets. Learn impacts, responses, and lessons for crypto security. Stay informed on DeFi resilience today. What Was the Balancer DeFi Exploit? The Balancer DeFi exploit occurred in October 2023 when attackers exploited vulnerabilities in the protocol’s smart contract swap logic, draining approximately $120 million from liquidity pools. This incident exposed critical flaws in automated market maker (AMM) designs, allowing unauthorized transfers that cascaded through interconnected DeFi ecosystems. Balancer, a prominent decentralized exchange protocol, swiftly acknowledged the breach and initiated recovery measures to mitigate further damage. How Did the Balancer Exploit Impact DeFi Markets? The Balancer exploit…
Filed under: News - @ November 8, 2025 3:33 am