Balancer's $70 Million Breach Exposes DeFi's Fragile Foundation
Balancer, a leading decentralized exchange on Ethereum, has faced a suspected $70 million exploit, revealing flaws in DeFi infrastructure and reigniting scrutiny of automated market makers.
The incident has sparked debate over the security of decentralized finance (DeFi), where transparency and automation often coexist with deep structural vulnerabilities.
Core DeFi features such as permissionless access, open-source code, and composable smart contracts can quickly turn into liabilities when targeted by skilled attackers.
- The breach adds to a growing record of cyber incidents that are reshaping risk perceptions across digital finance.
- It prompts calls for stronger, coordinated defences across the DeFi ecosystem.
Blockchain records on Etherscan show that $70 million worth of digital assets was involved in the suspected exploit.
Author's summary: Balancer's $70 million breach highlights DeFi's security flaws.