“220 million dollars disappeared like smoke. From approximately 7:48 UTC on November 3, 2025 until the late morning of November 4, decentralized finance (DeFi) experienced one of the darkest periods in its history. Within 48 hours, three major incidents affecting Balancer, Moonwell, and Stream Finance resulted in a combined loss estimated at over $220 million, which […]”, — write: businessua.com.ua
220 million dollars disappeared like smoke. From approximately 7:48 UTC on November 3, 2025 until the late morning of November 4, decentralized finance (DeFi) experienced one of the darkest periods in its history. Within 48 hours, three major incidents affecting Balancer, Moonwell, and Stream Finance resulted in combined losses estimated at over $220 million, causing panic and increasing volatility in the crypto market.
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To better understand the scale of this crisis, here’s a timeline based on official announcements and security analysis:
Time (UTC) Date Event Details 7:48 a.m November 3, 2025 Exploit Balancer V2 Attack on Composable Stable Pools, initial damage estimated at $128 million. Pools outside the pause window are vulnerable. 16:55 November 3, 2025 Balancer’s official announcement The team is in recovery mode; V3 is not affected. The bridge hangs over Berachaine, Sonic, and Polygon to limit the spread of the infection. 8:09 a.m November 4, 2025 CertiK notification about Moonwell Oracle exploit on wrsETH; attacker’s profit: $1 million. Markets on emergency pause. 10:12-11:47 November 4, 2025 Completing the “Moonwell” feat Large-scale borrowing through fast loans on the basis of Base; loan limits were reduced to 0.1. Morning November 4, 2025 Financial Flow Disclosure External losses in the amount of 93 million US dollars; xUSD/xBTC/xETH tokens are not redeemable. An investigation has been launched. In the afternoon November 4, 2025 Domino effect Total debt is ~$285M affecting Elixir, Euler, Morpho, Silo; pegging to the US dollar is disabled. These 48 hours not only drained funds, but also undermined trust, with DeFi tokens shrinking by 10-30% a total TVL decreased by more than 5% in November 2025.
Fortunately, Club 25% had no contact with Balancer or any of the protocols involved.
Balancer & Forks: 128 million in wind It all started November 3 at 7:48 UTC . Balancer a pillar of DeFi with its automated pools, suffered exploit in their Composable Stable Pools V2 .
The attack used a lack of accuracy in EXACT_OUT swaps (rounding error in the upscale function), which allowed to steal over 128 million dollars with Ethereum, Polygon, Base and other blockchains. Such forks as Beethoven X (Beets) and BEX and pools outside emergency pauses remained vulnerable.
The Balancer team, in collaboration with security researchers, identified the vulnerability as isolated as far as version 2 is concerned (version 3 was intact). A full investigation is currently underway and the DAO proposes a 20% reward to the hacker (approximately $25 million) for damages under the threat of legal action and actions on the network. Berachain announced the full return of frozen funds.
Despite 11 previous audits, it sixth violation in 5 years highlights recurring flaws in legacy contracts.
Markets plummeted, with DeFi tokens down 10-30% and confidence shaken, due to the preemptive freeze of several ecosystems.
Moonwell: 1 million gone in 5 minutes Just 24 hours later, November 4th, around 8:00am UTC CertiK reported on an exploit based on Moonwell .
Oracle crash Chainlink on wrsETH showed an abnormal price ( $0.02 instead of thousands ), which allowed the attacker to borrow 20 wstETH via flash credits exchange them and get 295 ETH (~$1 million) .
After investigation, Moonwell used delisting, low-liquidity market channel (rsETH) instead of the recommended one. Therefore, the protocol is responsible for this outdated choice, which was exacerbated by the impact of the Balancer hack.
Antias (risk manager) published a detailed report, a borrowing limits were reduced to 0.1 to prevent excessive borrowing. Moonwell accumulated approximately $3.7 million in bad debt but there is no reward for the hacker yet.
This feat, accomplished in 1 hour and 30 minutes, raised doubts about the reliability of oracles, even market leaders.
Stream Finance: 93 million gone It became the climax of the day the morning of November 4 when Stream Finance announced the “external losses” in the amount of 93 million dollars, managed by a third-party fund manager. Indexed tokens ( xUSD, xBTC, xETH ) fell to zero, which made it impossible to withdraw funds.
Not a classic hack, but poor governance off the blockchain which led to domino effect of ~$285 million in debt (Elixir: $68 million, TelosC: $123 million), which hindered Euler, Morpho, Silo and others
After an investigation, Perkins Coie LLP (Keith Miller and Joseph Cutler) made an inquiry but found no results. Stream has withdrawn all liquid assets (the process is almost complete), and credit ori require 1:1 priority rights. The platform is under threat bankruptcy and stablecoins such as USD, debugged
The confusion increased the panic, causing cascading sales growth according to interconnected protocols.
Macroeconomic implications: whales for sale, echoes of the dotcom crash In addition to technical achievements, these 48 hours is part of broader macroeconomic volatility .
The price of bitcoin fluctuates around 100,000 dollars but some analysts see a parallel with the post-dotcom bubble of 2000 : a crash followed by long periods of consolidation where venture capitalists and insiders sell stocks wildly as soon as lockdowns end.
Even today whales and long-term owners are getting rid of their BTC faster than the market can absorb them by doing so constant pressure from sellers .
DeFi exploits accelerated outflow of funds (TVL DeFi -5% in November), reinforcing the bear market seen since October and revising forecasts upwards.
Opinion 21M ⭕: choose a long-term perspective 21M ⭕ is the community of crypto investors behind Club 25%, a strategy designed to generate a steady return of 25% per year for 10 years without active trading.
This 48-hour blackout reveals a twofold problem: technical with persistent deficiencies despite audits; and behavioral reinforced by whales’ selling pressure.
When protocols fall, investors panic, selling in droves like post-dotcom venture funds, fueled by self-doubt and the speed of information.
But the story is rewarding long-term vision not impulsive deals.
Survivors build strong, liquid portfolios that are resistant to macro volatility.
This is DNA Club 25% : balanced, 100% liquid approach aimed at increase in annual income by 25% to +25% without speculation and pressure from sellers.
👉 Discover the 25% club Resistance to the siren call of short-termism join the Club 25% for a strategy that will weather even the biggest DeFi storms.
Source: journalducoin.com
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