What happened in the Balancer hack?

[tradelikepro]

On November 4, 2025, Balancer suffered a major exploit that resulted in over $116 million in digital assets being stolen from its v2 Composable Stable Pools and forks. The attacker exploited faulty access controls in smart contracts, allowing them to withdraw funds directly from liquidity pools. Staked Ether and liquid staking tokens, such as wstETH and osETH, were primarily affected.

[Rimon Khan]

A vulnerability in pool logic allowed unauthorized withdrawals worth over $100M.