Balancer’s $116M Exploit Dominates Crypto News Today as Bitcoin’s Red October Ends

By Coin Edition
1 day ago
SOL DEFI BTC BAL CIN
  • Balancer lost over $116M across v2 pools, triggering pauses and a third DeFi security scare.
  • Bitcoin just logged its first red October since 2018, so traders are nervous about November follow-through.
  • Whales, exchange promos, and high-beta tokens on BSC and Solana add to a jumpy market tape.

Balancer has become the most discussed topic across crypto forums after the decentralized finance (DeFi) protocol faced a large-scale exploit that drained more than $116 million in assets. According to Santiment’s data, the breach targeted Balancer’s v2 pools across multiple blockchains by exploiting a vulnerability in the smart contract. 

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