- $116M loss confirmed in Balancer V2 Pools, affecting multiple tokens.
- BAL token sees significant drop; community reactions follow.
- Security measures and future audits are underway.
Balancer reported a sophisticated exploit affecting its V2 Composable Stable Pools, draining $116M in assets on November 5, 2025, primarily impacting tokens such as WETH, wstETH, osETH, and others.
The incident led to a significant drop in the BAL token price and total value locked, underscoring vulnerabilities in decentralized finance security.
The cryptocurrency platform, Balancer, has released a preliminary post-mortem on November 5 following a $116M exploit. The hack targeted V2 Composable Stable Pools, affecting top tokens like WETH, wstETH, osETH, frxETH, and rETH.
Balancer’s team confirmed that pools capable of being paused have been halted. In their statement, Balancer mentioned, “Pools that could be paused have been halted and are now in recovery mode, with the exploit confirmed to be isolated to V2 Composable Stable Pools. Balancer V3 and all other pools remain unaffected” source. Balancer emphasized that V3 pools and other systems remain stable and untouched by the breach.
The incident has led to a sharp decline in the BAL token price, and the Total Value Locked (TVL) in the platform experienced a drop. Security teams are collaborating for asset recovery and tracing the on-chain movements.
The financial impact was considerable, with $116M in assets estimated to have been lost. Ethereum Mainnet and associated networks like Base and Polygon faced outflows, while Balancer emphasized preventive measures.
There is a concerted effort from security researchers and legal teams aiming to trace and potentially recover lost assets. As the situation develops, Balancer plans to implement more robust security protocols.
The Balancer incident presents possible regulatory scrutiny alongside technology assessments in the DeFi space. Historical instances like Velocore’s exploit in 2024 echo these challenges, driving demand for better security practices. For ongoing updates, visit Balancer’s latest update on DeFi and protocol advancements.
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