Balancer exploit swells to $116M in outflows as team offers 20% bounty

DeFi protocol Balancer is the target of an ongoing exploit, with more than $116 million in staked Ether transferred to a new wallet.

Update Nov. 3, 10:42 am UTC: This article has been updated to include a section on Berachain’s emergency hard fork.

Update Nov. 3, 9:47 am UTC: This article has been updated to add the latest figures, Balancer’s white hat bounty offer and comments from Nicolai Sondergaard, research analyst at Nansen.

Update Nov. 3, 9:21 am UTC: This article has been updated to include a section on the Balancer flash loan attack from 2020.

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