{"id":56391,"date":"2025-11-03T15:17:21","date_gmt":"2025-11-03T15:17:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56391"},"modified":"2025-11-03T15:17:21","modified_gmt":"2025-11-03T15:17:21","slug":"balancer-hacked-again-over-128m-stolen-will-ethereum-layer-2s-shut-down","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56391","title":{"rendered":"Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Unfortunately, crypto hacks happen all the time. Every time funds are stolen from a top-tier dApp, it becomes a huge morale dent for users and developers. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Bybit hack garnered negative press but subsided quickly when the exchange assured the community that it would continue processing transactions regardless of the $1.3 billion loss. Today, however, is yet another sad day for Balancer and DeFi.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier today, Balancer, one of the OG DeFi protocols, was hit (again), and the results are bad, not for the dapp but for the entire DeFi scene and Ethereum layer-2s. Before today, Balancer <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/protocol\/balancer\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">managed<\/span><\/a><span data-preserver-spaces=\"true\"> over $775 million, but the protocol is quickly bleeding.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re aware of a potential exploit impacting Balancer v2 pools.<\/p>\n<p>Our engineering and security teams are investigating with high priority.<\/p>\n<p>We\u2019ll share verified updates and next steps as soon as we have more information.<\/p>\n<p>\u2014 Balancer (@Balancer) <a href=\"https:\/\/twitter.com\/Balancer\/status\/1985283356582453588?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Balancer Hack: Over $120M And Rising Lost<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">To understand what\u2019s going on, we must first know what Balancer does.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> For beginners, Balancer is a decentralized automated market maker (AMM) protocol on Ethereum. From the dapp, developers on other <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Ethereum-compatible chains<\/span><\/a><span data-preserver-spaces=\"true\"> can also build programmable liquidity solutions.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"What is Balancer? Crypto Index Funds and BAL Explained with Animations\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/IX6rUhNC8uA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">That you can fork Balancer V2\u2019s code is a bonus. If you don\u2019t have liquidity, you can supply assets and allow users to trade them while earning a yield from any custom liquidity pool straight from Balancer.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But here\u2019s the problem: Balancer only relied on a single core contract to manage all vaults. The design was intended to boost gas efficiency, but this became the single largest flaw, now affecting not only Balancer but also all other deployments that relied on its code.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here&#8217;s everything you need to know about the Balancer Hack:<\/p>\n<p>1. The attack targeted Balancer&#8217;s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that\u2026 <a href=\"https:\/\/t.co\/udAM4hB0OD\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/udAM4hB0OD<\/a><\/p>\n<p>\u2014 Adi (@AdiFlips) <a href=\"https:\/\/twitter.com\/AdiFlips\/status\/1985279811011457363?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The hacker targeted the \u201cmanageUserBalance\u201d function, effectively taking over vault withdrawals while bypassing sender validation. So far, over $128 million have been drained from vaults across multiple chains, including Berachain.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update: <a href=\"https:\/\/twitter.com\/Balancer?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@Balancer<\/a> and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. <a href=\"https:\/\/t.co\/67XGX5RcRR\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/67XGX5RcRR<\/a> <a href=\"https:\/\/t.co\/FIwx20ALSz\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/FIwx20ALSz<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1985281156259201044?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The loss will likely grow because after the hacker drained Balancer pools on Ethereum, the layer-1, the next targets were bridged equivalents on layer-2s, that is, wrapped tokens. What this is creating is a \u201cdomino effect\u201d where a protocol using Balancer v2 code, especially if it\u2019s a layer-2, has to pause operations until the flaw has been fixed.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Balancer v2 (+forks) exploited for over $100M+TLDR:<\/p>\n<p>Balancer v2 and it&#8217;s forks are affected:<br \/>\u2022 ETH \u2192 balancer \u2192 70m<br \/>\u2022 Arbitrum \u2192 balancer \u2192 6m<br \/>\u2022 Base \u2192 balancer \u2192 4m<br \/>\u2022 <a href=\"https:\/\/twitter.com\/SonicLabs?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@SonicLabs<\/a> \u2192 beets \u2192 3.4m<br \/>\u2022 OP \u2192 beets \u2192 283k<br \/>\u2022 Polygon \u2192 balancer \u2192  117k<\/p>\n<p>Exploiter is\u2026 <a href=\"https:\/\/t.co\/yTTtrS5L3S\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/yTTtrS5L3S<\/a><\/p>\n<p>\u2014 Blub<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f916.png\" alt=\"\ud83e\udd16\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@DeFi_Blub) <a href=\"https:\/\/twitter.com\/DeFi_Blub\/status\/1985277324611211500?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9+ Best Memecoin to Buy in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Berachain Halts Chain<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Out of caution, Berachain, which is supposed to mirror the Ethereum mainnet and run 24\/7, has been paused.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a post on X, the team said its validators have \u201ccoordinated\u201d purposefully to halt the platform as they scramble to perform an emergency hard fork in order to address the Balancer hack.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. <\/p>\n<p>This halt has been executed purposefully, and the network will be operational shortly upon\u2026<\/p>\n<p>\u2014 Berachain Foundation <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f43b.png\" alt=\"\ud83d\udc3b\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/26d3.png\" alt=\"\u26d3\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@berachain) <a href=\"https:\/\/twitter.com\/berachain\/status\/1985288599152042101?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">They are also aware that some may not be happy, but their primary objective is to protect <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">over $12M of user funds<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Beefy, a yield optimizer, has also paused all products linked to Balancer.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Balancer V2 Exploit:<\/p>\n<p>All Beefy Balancer V2 products are paused. Our team is monitoring the situation closely.<\/p>\n<p>We will cooperate to ensure all losses are properly captured, and that Beefy users participate fully in any recovery.<\/p>\n<p>Our full support to the <a href=\"https:\/\/twitter.com\/Balancer?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@Balancer<\/a> team. <a href=\"https:\/\/t.co\/eC2JCkldRz\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/eC2JCkldRz<\/a><\/p>\n<p>\u2014 Beefy (@beefyfinance) <a href=\"https:\/\/twitter.com\/beefyfinance\/status\/1985311852184654209?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">They also promise to cooperate and ensure that all losses are properly accounted for.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The question now is: Will other protocols, most of them being DEXes, follow suit? On Beets DEX, there are over $6.6M in total value locked (TVL), for instance, and this is just one of the over 20 platforms that have forked Balancer V2\u2019s code.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-304524 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463.png\" alt=\"Balancer DeFi has been hacked again. Berachain halts its chain as a precaution. Will other Ethereum layer-2 chains follow suit?\" width=\"1647\" height=\"916\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463.png 1647w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463-300x167.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463-1024x570.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463-768x427.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463-1536x854.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-03T154830.463-50x28.png 50w\" sizes=\"(max-width: 1647px) 100vw, 1647px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/forks\/Balancer%20V2\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">DeFiLlama<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">10+ Next Crypto to 100X In 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Balancer Hack Over $128M Lost, Berachain Halts<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Balancer is an DeFi OG<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Protocol managed over $700M before hack<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Over $128M withdrawn after smart contract exploit<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Berachain validators take caution, pause chain<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/balancer-hacked-again-over-128m-stolen-will-ethereum-layer-2s-shut-down\/\">Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Unfortunately, crypto hacks happen all the time. Every time funds are stolen from a top-tier dApp, it becomes a huge morale dent for users and developers. The Bybit hack garnered negative press but subsided quickly when the exchange assured the community that it would continue processing transactions regardless of the $1.3 billion loss. Today, however, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56391","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56391"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56391\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}