Balancer's $70 Million Breach Exposes DeFi's Fragile Foundation
A suspected $70 million exploit has hit Balancer, a leading decentralized exchange on Ethereum, revealing flaws in DeFi infrastructure and sparking scrutiny of automated market makers.
The incident has reignited debate over DeFi security, where transparency and automation coexist with deep structural vulnerabilities. Core DeFi features like permissionless access, open-source code, and composable smart contracts can become liabilities when targeted by skilled attackers.
- The breach adds to Balancer's growing record of cyber incidents.
- It prompts calls for stronger, coordinated defenses across the DeFi ecosystem.
Blockchain records on Etherscan show that $70 million worth of digital assets was involved in the suspected exploit.
Author's summary: Balancer faces a $70 million breach.
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