Balancer Suspected of $70.9 Million Exploit, Sparks Market Concerns

Blockchain analytics firm Nansen has issued a warning that decentralized finance protocol Balancer may have been targeted in a significant security incident. The company reports roughly $70.9 million in assets were transferred to a newly created wallet. This transfer included approximately 6,850 osETH tokens, 6,590 WETH tokens, and 4,260 wstETH tokens commonly used in Ethereum staking and wrapped-ETH ecosystems. ⏳