Balancer exploit swells to $116M in outflows as team offers 20% bounty

Berachain Foundation has successfully recovered $12.8 million that was lost during the Balancer V2 exploit on November 3. This remarkable recovery is one of the few instances of full restitution following a significant decentralized finance hack in 2025.

Solana ETFs are experiencing significant success, standing out in the market while Bitcoin and Ether funds have seen losses exceeding $300 million. This shift highlights the growing interest in Solana as an investment option, contrasting sharply with the struggles faced by traditional cryptocurrencies.

Bitcoin's price has dropped below $103,700, marking its lowest point since June. This decline comes amid significant liquidation waves in the crypto market, with over $1.27 billion in leveraged positions affected. Additionally, the market is reeling from a recent $128 million hack involving the market maker Balancer.

Ether's recent plunge of 20% has led to a staggering $1 billion in liquidations, raising concerns about further declines. Analyst Markus Thielen suggests that ETH could drop to between $2,700 and $2,800, indicating that the market may not have hit the bottom yet.

Bitcoin is struggling to maintain its momentum as it approaches the $100,000 mark, with a recent bounce failing to sustain itself. Meanwhile, other cryptocurrencies like Ether, XRP, Dogecoin, and Solana have seen significant declines of 15% to 20% over the past week.

Balancer, a prominent decentralized finance protocol, has been hit by a major exploit, resulting in the theft of approximately $116 million from its vaults. This incident highlights the vulnerabilities in DeFi systems and raises concerns about the security of digital assets. The stolen funds, including significant amounts of WETH, osETH, and wstETH, were transferred to an external wallet, indicating a well-coordinated attack. As Balancer confirms the breach, the incident serves as a stark reminder of the risks involved in the rapidly evolving world of cryptocurrency.

The SUI token has experienced a significant decline as a $116 million DeFi exploit has shaken the crypto markets. With traders offloading their assets, the token broke through key support levels and saw a trading volume that was 68% above average.

This week, the crypto world faced a setback as Moonwell DeFi lost $1 million due to a flaw in Chainlink, following a significant hack that drained over $128 million from various DeFi protocols. The recent events have left investors cautious, contributing to a slump in crypto prices, including the WELL token, which has hit its lowest point since 2025.

Recent on-chain data suggests that an altcoin winter may be setting in, with Ethereum and Solana experiencing a notable decline in activity. Sentora, a provider of institutional DeFi solutions, highlighted this trend on X, indicating a cooling interest in altcoins. This shift comes amid broader concerns in the cryptocurrency market, including bearish trends for Bitcoin.

ZKsync co-creator Alex Gluchowski has proposed an exciting revamp of the project's governance token, aiming to enhance its economic utility and value capture. This initiative could significantly benefit the community and the project's future.

Berachain Foundation has successfully recovered $12.8 million that was lost during the Balancer V2 exploit on November 3. This remarkable recovery is one of the few instances of full restitution following a significant decentralized finance hack in 2025.

Animoca Brands is setting its sights on the public market with an ambitious goal of providing cryptocurrency access to billions of people. This initiative aims to democratize digital assets and expand the reach of blockchain technology, making it more accessible to everyone.

Strategy is planning an additional share offering to boost its Bitcoin purchases, signaling confidence in the cryptocurrency market. This move aims to attract more investors and enhance their portfolio, reflecting a positive outlook on Bitcoin's future.

Dogecoin has seen a 5% decline as a lower-lows pattern emerges, contributing to a bearish outlook in the cryptocurrency market. Investors are becoming increasingly cautious as trading conditions shift.