Balancer, a renowned DeFi protocol, has recently gone through a notable exploit. Specifically, the hacker has effectively drained a staggering $70.8M in crypto from Balancer. As per the data from PeckShield, a popular blockchain security platform, Balancer’s latest crypto exploit has seen drainage in $osETH, $wstETH, and $WETH crypto tokens. The breach has triggered caution across the wider DeFi community based on its massive value.
#PeckShieldAlert @balancer has been drained ~$70.8M worth of cryptos, including 6,851.12 $osETH (~$27M), 6,587.44 $WETH (~$24.5M) & 4,259.84 $wstETH (19.3M) https://t.co/mcmlPnJDaM pic.twitter.com/j3KJXV7pd3
— PeckShieldAlert (@PeckShieldAlert) November 3, 2025
Balancer protocol itself has also acknowledged the hack in its latest tweet. The protocol says that its security and engineering teams are investigating the incident.
We’re aware of a potential exploit impacting Balancer v2 pools.
Our engineering and security teams are investigating with high priority.
We’ll share verified updates and next steps as soon as we have more information.
— Balancer (@Balancer) November 3, 2025
Balancer Incurs $70.8M Loss in Exploit Targeting $osETH, $wstETH
The latest market statistics point out that the hacker has targeted Balancer’s v2 crypto pools, draining $70.8M. The main crypto assets that were aimed at included $stETH, $wstETH, and $WETH. Particularly, in the case of $osETH, 6,851.12 tokens were drained, accounting for up to $27M. In addition to this, 6,587.44 $WETH tokens accounted for a $27M in exploit. Subsequently, the hacker also drained 4,259.84 $wstETH, equaling $19.3M.
The wallet associated with the hack or a related platform indicates a net worth of almost 18,998.709976. This amount is equivalent to nearly $70,582,538.68. As a result of this exploit, the hacker has topped up the $osETH, $wstETH, and $WETH holdings in the wallet. Now, the respective wallet reportedly constraints 38.07% $osETH, 27.30% $wstETH, and 34.63% $WETH. However, irrespective of these stunning transactions, the exploiter’s wallet shows a 4.90% dip in its balance over the past 24 hours, pointing toward potential outflows.
Users Advised Caution Amid No Official Statement from Platform
According to PeckShield, the huge exploit of $70.8M from Balancer raises significant security concerns. Thus, the users are advised to take immediate actions to prevent any further damage. In this respect, they should at once revoke any wallet approvals dealing with the targeted $ETH derivatives. Along with that, while no official statement has been shared by the platform, the users need to stay tuned for further course of action. Overall, the incident highlights the requirement for strong security measures to prevent such exploitations in the future.