“The affected funds include 6,850 osETH, 6,590 WETH, and 4,260 wstETH, blockchain data analyzed by CoinDesk showed.”, — write: www.coindesk.com
The affected funds include 6,850 osETH, 6,590 WETH, and 4,260 wstETH, blockchain data analyzed by CoinDesk showed, and seemed to impact Balancer version 2 (V2)
The exploiter’s address has already begun consolidating assets, raising concerns about potential laundering through decentralized mixers or cross-chain bridges.
Balancer’s BAL token has slumped over 5% since its Monday peak, CoinGecko data shows.
The team has not yet issued an official statement, although this marks the third known security breach for the project, following incidents in 2021 and 2023 that collectively cost millions.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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