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Breaking: One of crypto's earliest pioneers just got hit hard. Balancer, the OG decentralized exchange that's been around since 2018, fell victim to a massive exploit — $120 million drained.
What makes this sting? Balancer wasn't some fly-by-night operation. This was a battle-tested protocol that helped define what a DEX could be. Years of building, countless users trusting the platform, and now this.
The exploit raises uncomfortable questions. If a veteran platform with this much history can get compromised for nine figures, what does that say about the security landscape? Are older protocols becoming easier targets as attack vectors evolve?
This isn't just another hack statistic. It's a reminder that in DeFi, nothing is ever truly "safe" — reputation and longevity don't guarantee immunity. The security race never ends.