Balancer Hit By Suspected $70M Staked Ether Exploit

Decentralized exchange (DEX) and automated market maker (AMM) Balancer may have suffered an exploit, as about $70 million worth of digital assets was transferred to a freshly created wallet.

Onchain data shows that the decentralized finance (DeFi) protocol saw $70.9 million worth of liquid staked Ether (ETH) tokens transferred to a fresh wallet across three transactions, according to Etherscan logs.

The transfers included 6,850 StakeWise Staked ETH (OSETH), 6,590 Wrapped Ether (WETH) and 4,260 Lido wstETH (wSTETH), crypto intelligence platform Nansen…