Balancer Exploit Fallout
The massive DeFi exploit led some chains to take aggressive, even controversial, actions to prevent losses.
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Balancer, a decentralized exchange popular for its self-rebalancing liquidity pools and token-incentivized liquidity rewards, just had tens of millions of dollars stolen from its V2 liquidity vaults.
Many forked versions of Balancer V2 (alternative exchanges that recycle Balancer's code) were also impacted, and numerous affected blockchains have taken drastic actions to mitigate fallout.
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