Balancer’s $70 Million Hack Underscores Automation Vulnerabilities in DeFi
- DeFi protocol Balancer lost $70M in exploit, third major hack in five years, exposing AMM security flaws. - Binance partnered with Trump-linked WLFI, boosting stablecoin market cap from $127M to $2.1B post-listing. - Spirit AeroSystems reported $724M Q3 loss, 3D Systems forecasts 17.6% revenue drop amid supply chain issues. - Tether revealed $10B 2025 Q1-3 profits, surpassing Bank of America's $8.9B net income during same period.
This week, the DeFi sector experienced a major security incident when the Ethereum-based platform
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,
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 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
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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