Balancer
Yearn Finance reported on Sunday that its yETH product was under active exploit after an attacker minted an effectively unlimited amount of yETH and siphoned liquidity from Balancer pools. The protocol has reported the incident but a full loss estimate has not been disclosed.
Balancer DAO is weighing an $8 million recovery package after a $110 million exploit that has halved the protocol's TVL; recovered tokens will be returned in the original assets and a claim mechanism is being built.
Balancer says coordinated emergency actions and on-chain tracing recovered $45.7 million of the $121.1 million stolen in the November 3 exploit. Despite the recoveries, the BAL token remains about 24% lower amid lingering investor concern.
Ether's price fell significantly following a $100 million hack in the Balancer DeFi protocol, combined with broader market challenges including tariff announcements and interest rate concerns, impacting various crypto-related stocks as well.
Ethereum's price fell sharply below $3,600 after a $100 million hack targeting the Balancer DeFi protocol, sparking renewed market concerns about security and liquidity in the crypto space.