A major theft has rocked the decentralized finance (DeFi) landscape as hackers exploited a vulnerability in Balancer’s V2 pools, netting an estimated $120 million. The attack leveraged a precision rounding error or unauthorized contract manipulation within these pools, which allowed attackers to manipulate token amounts during swaps. Following this breach, phishing scams have emerged, attempting to lure the hacker back into the fold and potentially recover the stolen funds. Balancer, a prominent DeFi platform, has confirmed the loss and is investigating the incident while issuing warnings about potential scams. Balancer’s V2 pools were specifically targeted in this attack, marking one of the largest DeFi theft cases in recent history. The company is working with security experts to assess the full scope of the breach and prevent further exploits. Balancer promises a post-mortem report once the investigation is complete. This incident raises concerns about current security measures within the growing DeFi space.