0xjereme
301 posts

0xjereme
@0xjereyme
Building the Future of Crypto Models, No Coding Required | Contributor @blockmodel_lab & @telabofficial & @HolobitOfficial




---------------------------------------------- DEVELOPING STORY: BALANCER EXPLOIT ---------------------------------------------- @Balancer, a major DeFi liquidity protocol on Ethereum with over $750M in TVL, appears to have suffered an exploit today. Around $70.6M in assets were transferred from its Vault to a new wallet. This includes: 6,587 WETH (~$24.5M) 6,851 osETH (~$26.9M) 4,260 wstETH (~$19.3M) Transaction: etherscan.io/tx/0xd15520726… -------------------------------- How Did the Exploit Happen? -------------------------------- Details are still emerging, but on-chain data shows funds moved from the Balancer Vault: (0xBA12222222228d8Ba445958a75a0704d566BF2C8) to a fresh address (0xAa760D53f5D1bA1FBE5678c34675b8E3F1cDe1A1). It targeted V2 pools specifically -- ETH-related ones. V3 pools are reportedly safe. No official root cause yet, but Balancer team is investigating. It looks like it could involve a smart contract vulnerability or compromised admin keys. -------------------- Ecosystem Impact -------------------- 1⃣ $BAL token dropped ~5% immediately after news broke. 2⃣ Protocols like @Aave, which rely on Balancer for liquidity, could face disruptions if confirmed. Some vaults (e.g., Yuzu) have already withdrawn funds as precaution. 3⃣ Forks like Beethoven X (Beets) and others may also be vulnerable. ----------------------- What Should You Do? ----------------------- 1⃣ If you have liquidity in Balancer V2 pools, withdraw them immediately, especially ETH/stETH-related. 2⃣ Check connected protocols (like Aave or forks like Beets). 3⃣ Follow @Balancer for updates -- they haven't tweeted since Oct 30, but mods confirmed V2 impact in their official Discord/X. 4⃣ Use tools like Revoke.cash to check and remove approvals. ----------- UPDATES ----------- I'll keep posting as I learn confirmed news.


Announcing Pico Prism, the state-of-the-art zkVM for Ethereum real-time proving. 99.6% of blocks proven under 12 seconds, 6.9s average with 64 RTX 5090 GPUs. This marks a major step toward scaling Ethereum by 100x and a future where you can validate the chain from a phone.

1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer. What is ADL? How does it work? And why does it exist?




















