The DeFi platform Balancer, which continues to embrace the charm of chaos, has confirmed a grievous cyber-affliction involving its V2 protocol and various chains.
The decentralized finance (DeFi) platform Balancer, in a rare moment of candor, conceded that a recent “security breach” affecting its V2 protocol was indeed substantial. One might say it was “significant” like a hatpin at a durbar. Notably absent from its update was any confirmation that losses exceeded the princely sum of $100 million. Ah, but the exactity of that figure? Still under deliberation, pending the solemn nod of multiple sages. What a delightfully Byzantine conclusion!
This admission arrived more than 24 hours after Stakewise DAO declared it had wrested $20.7 million from the clutches of digital villains, with grand plans to return the spoils to unsuspecting users. As chronicled by Bitcoin.com News and others, it was whispered that Balancer endured the loss of over $116 million after a mischievous exploit in their smart contracts. One analyst speculated the culprits employed “vibe coding” or AI models-truly modern art.
Balancer, with the eloquence of a man apologizing for the weather, pinned the disaster on an erroneous rounding function. They explained that merely rounding down in swaps created an opensesame for mischief. As they rather modestly observed: “Attackers exploited incorrect rounding with batch swaps, pillaging pools and hoarding funds before withdrawing later. Stylish.”
Balancer now reassures us they’re managing the crisis with the enthusiasm of a mortician at a party. They reassure users their internal ledger is diligently tracking “exploits, whitehat rescues, frozen assets, and withdrawals”-all while begging everyone to ignore wild internet estimates. Refreshing.
FAQ 🧠
- What happened to Balancer? A grievous hanky-panky targeted its V2 protocol. Exactly how grievous? Still “under deliberation.”
- How much was stolen? Rumors suggest $116 million. Balancer remains refreshingly vague.
- What was the cause? A rounding flaw, because apparently, precision isn’t everyone’s strong suit.
- Any fund recovery? $20.7 million returned by Stakewise. Let’s call it a minor miracle.
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2025-11-06 11:27