Balancer Swiftly Restores $19.3M after Multi-Million hack proving DeFi Security Improvements - Crypto Economy

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Balancer confirmed today that it recovered $19.3 million stolen during a multi-chain exploit that impacted its V2 Composable Stable Pools earlier this week. According to on-chain data shared by analyst EmberCN on X, liquid staking protocol StakeWise enabled the return of 5,041 osETH via a contract call, marking one of the fastest partial fund recoveries seen in DeFi this year.

The incident briefly affected liquidity providers across several chains, with initial estimates placing losses above $128M, per PeckShieldAlert. Despite the breach, the rapid coordination between Balancer, white-hat actors and developers helped contain damage and restore user funds within hours, a development viewed as a positive sign of improving DeFi security standards and community-led protection.

Balancer stated that all other pools, including V3, remain fully operational. The team is conducting a full post-mortem and is expected to publish updated security guidelines and audits in the coming days to prevent similar vulnerabilities and reinforce user confidence.

Source: *


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