Balancer Hit by Apparent Exploit as $110M in Crypto Moves to New Wallets

Balancer Hacked? DeFi Platform Hit by Apparent Exploit as $70M in Crypto Moves

Share this article

The affected funds include 6,850 osETH, 6,590 WETH, and 4,260 wstETH, blockchain data analyzed by CoinDesk showed.

Updated Nov 3, 2025, 8:17 a.m. Published Nov 3, 2025, 8:17 a.m.

Balancer, a decentralized finance (DeFi) protocol with over $750 million in value locked, appears to have been hit by another major exploit, with on-chain data showing roughly $70.9 million in digital assets drained to a new wallet.

The affected funds include 6,850 osETH, 6,590 WETH, and 4,260 wstETH, blockchain data analyzed by CoinDesk showed.
The exploiter’s address has already begun consolidating assets, raising concerns about potential laundering through decentralized mixers or cross-chain bridges.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

Balancer’s BAL token has slumped over 5% since its Monday peak, CoinGecko data shows.

The team has not yet issued an official statement, though this marks the third known security breach for the project after incidents in 2021 and 2023 that collectively cost millions.

More For You

By CoinDesk Research

Oct 16, 2025

Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.

More For You

By Omkar Godbole, AI Boost

34 minutes ago