Balancer DeFi Protocol Hit by $70.9 Million Exploit, Funds Disappear

A significant attack on the decentralized finance (DeFi) protocol Balancer has resulted in a loss of around $70.9 million worth of crypto assets. According to blockchain analytics platform Nansen, the funds were moved into a newly created wallet, raising concerns about a potential security breach. The stolen assets include 6,850 osETH, 6,590 WETH, and 4,260 wstETH – all high-value Ethereum tokens crucial for staking and liquidity in the DeFi ecosystem.