Balancer Discloses $117M DeFi Exploit Details as Berachain Recovers Funds
Balancer's preliminary report reveals how attackers exploited a rounding error in V2 Composable Stable Pools, draining $117 million across nine networks. The breach highlights persistent vulnerabilities in legacy DeFi contracts, even as newer iterations like Balancer V3 remain secure.
Berachain emerges as a rare success story, announcing full recovery of its $12.8 million loss. The network's restitution marks an exceptional case in DeFi's often irreversible exploit history.
Monitoring systems detected abnormal activity at 07:46 UTC Monday, with the attacker manipulating non-integer scaling factors in EXACT_OUT swaps. BatchSwap's deferred settlement feature enabled repeated fund drainage despite protocol safeguards.