Balancer V2 really messed up this time.



On November 3rd, hackers directly breached the vault—at first, everyone thought the loss was "only" 70 million USD, but as on-chain data continued to refresh, the final figure settled at 128 million USD. Even more outrageous, 27 forked protocols that used Balancer's code also suffered, making this chain reaction a classic case of "one person gets sick, the whole family takes medicine."

This incident has sounded the alarm for the entire DeFi circle: code reuse is indeed convenient, but vulnerabilities can also come with "batch inheritance"; no matter how advanced the protocol is, security audits cannot just be a formality; more importantly, decentralization does not mean that there is no oversight, and there must be emergency mechanisms in place when crucial moments arise.

An attack, three lessons, the cost is a bit heavy.
BAL-1.64%
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DefiPlaybook
· 2025-11-07 10:21
128 million dollars, we have really sheared this sheep.
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CryptoGoldmine
· 2025-11-07 05:54
Look at this loss rate of 27.5%, it's even more exaggerated than the 50% slump of my mining rig back in 2019.
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FloorPriceWatcher
· 2025-11-07 03:21
The game crashed.
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MevTears
· 2025-11-05 09:00
This is bad.
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TooScaredToSell
· 2025-11-04 14:44
What can we do if it has pumped?
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GweiTooHigh
· 2025-11-04 14:42
Who can do charity for me? The entire budget is in there.
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ApyWhisperer
· 2025-11-04 14:42
I have really bad luck.
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DaoDeveloper
· 2025-11-04 14:30
examining this exploit vector... the inheritance patterns need serious refactoring tbh
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ReverseTradingGuru
· 2025-11-04 14:29
A quick death, it's the familiar formula again.
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LiquidatorFlash
· 2025-11-04 14:15
128 million gap... The TVL liquidation risk threshold is approaching.
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