DeFi Breach : AMM Protocol Balancer Exploited via Smart Contract Vulnerability

Balancer—an automated market maker (AMM) protocol claiming over $750 million in total value locked (TVL)—suffered a security breach on November 3. Blockchain analytics firms like PeckShield and Lookonchain reported outflows exceeding $116 million across multiple chains, including Ethereum, Arbitrum, Base, Optimism, Polygon, and Sonic.

Source: crowdfundinsider.com

Related symbols: AMMUSD