Balancer’s $70 Million Hack Underscores Automation Vulnerabilities in DeFi
- DeFi protocol Balancer lost $70M in exploit, third major hack in five years, exposing AMM security flaws. - Binance partnered with Trump-linked WLFI, boosting stablecoin market cap from $127M to $2.1B post-listing. - Spirit AeroSystems reported $724M Q3 loss, 3D Systems forecasts 17.6% revenue drop amid supply chain issues. - Tether revealed $10B 2025 Q1-3 profits, surpassing Bank of America's $8.9B net income during same period.
This week, the DeFi sector experienced a major security incident when the Ethereum-based platform
This breach follows a series of previous security lapses, including a $500,000 flash loan attack in 2020 and a $900,000 loss in 2023. The latest incident is significantly larger and is considered one of the most severe DeFi hacks of 2025, according to Yahoo. Following the news, Balancer’s BAL token fell by more than 8%, reflecting investor concerns about the protocol’s transparency and how quickly it responded to the crisis.
Elsewhere, Binance, the largest cryptocurrency exchange globally, continued to strengthen its political ties. The platform introduced spot trading for the Trump family’s crypto initiative,
Turning to traditional finance, Spirit AeroSystems posted a net loss of $724.3 million for the third quarter, up 52% from the $476.9 million loss reported a year earlier, as detailed in
The crypto industry also witnessed a notable listing as Kite (KITE) began trading on Binance. Trading pairs such as KITE/USDT are anticipated to boost liquidity and increase price swings, according to
Tether, the leading stablecoin provider, reported $10 billion in profits for the first nine months of 2025, surpassing Bank of America’s $8.9 billion net income for the same period, as noted by Crypto.News. These results underscore the increasing profitability of stablecoin businesses, even as regulatory pressures intensify.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Early Bitcoin Holders Transfer $1.85 Billion Worth of BTC to Exchanges, Fueling Discussions on Market Fluctuations
- Bitcoin OGs BitcoinOG and Owen Gunden transferred $1.85B BTC to exchanges like Kraken, sparking volatility concerns amid $108k consolidation. - Analysts warn deposits often precede market swings, with BitcoinOG's pattern mirroring prior short-positioning cycles and Gunden's activity signaling strategic liquidity moves. - Short-seller activity intensifies, with $760M in ETH/BTC shorts and $819M in potential liquidation risks if prices drop below $112k, highlighting leveraged positioning trends.
XRP News Today: XRP ETFs and MoonBull Presale Take On Ethereum's Lackluster Progress
- XRP and MoonBull ($MOBU) lead November 2025 crypto momentum as Ethereum stagnates below $3,847. - XRP ETFs attract $1B+ inflows since March 2025, while MoonBull's $500K+ presale offers 9,256% ROI potential via 23-stage tokenomics. - SEC's November 14 XRP ETF decision could trigger $3.40–$4.20 price surge, with 99% approval probability on Polymarket. - Ethereum struggles with bearish RSI and 3% supply accumulation by BitMine, contrasting stablecoin volume surging to $2.82T in October. - Market dynamics hi
Audited Yet Exposed: Balancer’s $128 Million Breach Ignites DeFi Security Discussion
- Balancer, a DeFi protocol, lost $128M in a 2025 exploit targeting v2 vaults, reigniting debates on smart contract security. - Attackers manipulated invariant-based swap rules to drain liquidity pools across Ethereum, Arbitrum, and other chains. - Community reactions split between calls for proactive security upgrades and acknowledgment of inherent DeFi risks. - Despite audits by Certora/OpenZeppelin, the breach exposed gaps in current security practices, prompting demands for real-time monitoring. - Bala
Plush to Profit: $HUGS Presale Nears Its Critical Final Phase
- Milk Mocha ($HUGS) presale enters final phase with 90% filled whitelist, creating urgency for early access. - The deflationary token offers 50% APY staking, transaction burns, and NFT/metaverse integration, distinguishing it from traditional meme coins. - Analysts project exponential growth potential as presale prices rise weekly, with $100 early investments potentially reaching $23,000 by final stages. - $HUGS combines physical merchandise, digital NFTs, and governance voting, creating a dual-layer util
Trending news
MoreCrypto prices
More
