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Balancer Exploit Drains $120M
Pulse of the market
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Security incidents worsened the DeFi pullback. On November 3, Balancer’s V2 vaults were exploited for over $120M.
The breach stemmed from a rounding error in the EXACT_OUT swaps within the batchSwap feature, allowing attackers to manipulate pool balances and extract funds.
This incident highlights ongoing vulnerabilities in smart contract logic and governance structures.
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