Balancer’s $70 Million Hack Underscores Automation Vulnerabilities in DeFi

This week, the DeFi sector experienced a major security incident when the Ethereum-based platform

was exploited for $70 million. This marks the protocol’s third substantial breach in five years and has reignited debates about the security of automated market makers (AMMs). Blockchain data showed that the attacker quickly siphoned funds from several liquidity pools, consolidating them into a single wallet in a matter of minutes, as reported by . Among the stolen assets were 6,850 OSETH, 6,590 WETH, and 4,260 wSTETH. Blockchain experts believe the exploit may be linked to a vulnerability in Balancer’s pool balance mechanism.

This breach follows a series of previous security lapses, including a $500,000 flash loan attack in 2020 and a $900,000 loss in 2023. The latest incident is significantly larger and is considered one of the most severe DeFi hacks of 2025, according to Yahoo. Following the news, Balancer’s BAL token fell by more than 8%, reflecting investor concerns about the protocol’s transparency and how quickly it responded to the crisis.

Elsewhere, Binance, the largest cryptocurrency exchange globally, continued to strengthen its political ties. The platform introduced spot trading for the Trump family’s crypto initiative,

(WLFI), following the release of former CEO Changpeng Zhao from prison, according to . The recap highlighted that this collaboration propelled WLFI’s stablecoin market capitalization from $127 million to $2.1 billion, emphasizing Binance’s expanding role in politically affiliated crypto ventures.

Turning to traditional finance, Spirit AeroSystems posted a net loss of $724.3 million for the third quarter, up 52% from the $476.9 million loss reported a year earlier, as detailed in

. The company cited persistent production issues and supply chain problems as reasons for the decline. Likewise, 3D Systems Corp is expected to see its third-quarter revenue fall by 17.6% to $93.04 million, with analysts predicting a loss of 8 cents per share, according to .

The crypto industry also witnessed a notable listing as Kite (KITE) began trading on Binance. Trading pairs such as KITE/USDT are anticipated to boost liquidity and increase price swings, according to

. Listings on top exchanges often lead to significant price changes, as new participants enter the market and early investors may take the opportunity to sell.

Tether, the leading stablecoin provider, reported $10 billion in profits for the first nine months of 2025, surpassing Bank of America’s $8.9 billion net income for the same period, as noted by Crypto.News. These results underscore the increasing profitability of stablecoin businesses, even as regulatory pressures intensify.