Balancer Hack: $70M Lost in Record Ethereum DeFi Breach

One of Ethereum’s leading DeFi protocols, Balancer, which also functions as an established automated market maker (AMM) on the network, suffered a significant exploit today (November 3), resulting in losses exceeding $70M. On-chain data shows that multiple Balancer liquidity pools were drained in rapid succession, with the stolen tokens quickly. . . source: https://99bitcoins.com/news/altcoins/balancer-hack-70m-lost-in-record-ethereum-defi-breach/