Balancer Hack Raises Questions After 11 Audits Failed to Prevent Exploit

[etfs]

The $116 million Balancer exploit has renewed scrutiny around smart contract security, despite the protocol undergoing 11 audits by four separate firms. Balancer confirmed the attack was isolated to its V2 Composable Stable Pools, yet the breach still resulted in one of the largest DeFi exploits of the year.

While white hat hackers managed to recover roughly $28 million, most of the stolen assets initially remained inaccessible. Gnosis’ recent hard fork may now change that outcome, as community discussions continue around user reimbursements and compensation for contributors involved in the recovery effort.