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Berachain Halts Network to Contain Balancer-Linked Exploit, Conduct ‘Emergency Hard Fork’
- On Monday, Balancer, a decentralized finance protocol managing over $700 million, confirmed an exploit drained more than $100 million, with total losses about $128 million, PeckShield and Cyvers flagged the ongoing siphoning.
- A compromised Balancer vault access control allowed attackers to manipulate balances directly, mainly hitting a liquidity pool with ethena and honey tokens to drain over $100 million.
- Developers warned the emergency hard fork won't be simple and could involve rollback or rollfronts because stolen funds included multiple non-native assets.
- Berachain validators halted the network to enable an emergency fork isolating compromised contracts, while BAL token fell about 8% and BERA token dropped 6% on Monday.
- The exploit has rippled across DeFi to forks like Beets Finance, while BEX held over $50,000,000 and Bera said roughly $12,000,000 were at risk on Monday.
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Balancer DeFi Hack: $128M Ethereum Exploit Shakes Global Crypto Markets – Digital News & Investigative Reports
Incident Summary — DeFi’s Latest Security Shockwave The decentralized finance (DeFi) sector faced another major security setback as Balancer, a leading automated portfolio protocol, suffered a devastating $128 million exploit. The breach—first detected on November 3, 2025—primarily targeted Balancer V2 smart contracts on the Ethereum blockchain, prompting immediate investigations from top blockchain security firms including PeckShield, Nansen, a…
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