Blockchain analytics platform PerkShield has reported a likely exploit on Balancer, a popular Decentralized Finance (DeFi) protocol. The withdrawals from the platform were allegedly running to the tune of roughly $117 million in assets, drained from its vaults. Several other crypto firms like Lookonchain have quoted the value of the siphoned assets, similar to PerkShield’s claim.
Massive Withdrawals from Balancer Spotted
The new week started on a tough note for Balancer, as the Ethereum-based DEX seems to be experiencing a breach by bad actors. This event allegedly left its balance sheet with a big hole of over $116 million in assets, according to PerkShield data.
Absolutely insane — the total stolen funds from the Balancer exploit have now surged to $116.6M. 💀https://t.co/mZSf2EK7K5 pic.twitter.com/yZIC6H9NB3
— Lookonchain (@lookonchain) November 3, 2025
Notably, data platform Lookonchain corroborated the hack claims per the observed withdrawals from the DEX
We współpracy z: https://www.coinspeaker.com/scam-alert-defi-protocol-balancer-faces-major-exploit/
