Reports showed four security companies conducted 11 audits of Balancer’s smart contracts starting in 2021, but a bad actor was still able to drain millions in staked Ether. Update (Nov. 10 at 2:55 pm ...

Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the protocol’s $116 million November exploit.

Balancer, a decentralized finance (DeFi) protocol with over $750 million in value locked, appears to have been hit by its biggest exploit yet, with on-chain data showing upward of $110 million in ...