The decentralized finance (DeFi) protocol and market maker Balancer recently suffered a significant exploit, resulting in the loss of over $120 million in digital assets.

According to blockchain security firms, the total losses have now reached approximately $128 million, with ongoing withdrawals from the attacker’s wallet still being reported.

Details Of Balancer Attack

In a post on social media platform X (previously Twitter), Balancer acknowledged the exploit, stating that its engineering and security teams were investigating the breach with high priority. They added:

Balancer is committed to operational security, has undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors. We are working closely with our secu

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