Balancer Suffers Multi-Chain Attacks, Over $83 Million in Losses Across Ethereum, Base, Polygon, Arbitrum, Optimism, and Sonic

COINOTAG News reports that blockchain security firm BlockSec posted an alert noting that Balancer and several fork protocols were attacked. Losses across networks were detailed as follows: Balancer on Ethereum $70 million; Balancer on Base $3.9 million; Balancer on Polygon $117,000; Beets on Sonic chain $3.4 million; Balancer on Arbitrum $5.9 million; Beethoven on Optimism $283,000.

Such incidents underscore cross-chain risk in DeFi liquidity layers. For investors and operators, the case strengthens the case for rigorous threat modeling, rapid patch adoption, and enhanced multi‑party governance. Ongoing audits, transparent disclosure, and robust monitoring are essential to manage exposure tied to Balancer and its forks.

Looking ahead, exchanges, validators, and protocol teams should fortify risk controls and align with security frameworks best practices. Transparent incident reporting and credible post‑incident analyses will be critical to sustain market trust in DeFi liquidity protocols.

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