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One Year On: Inside ApeChain’s Brief Rise and Slow FallApeChain, the Yuga Labs-backed Layer 3 network built for the ApeCoin ecosystem, celebrated its first anniversary last month. After a brief rise in on-chain value and activity, ApeChain has been mostly in decline since its launch, while its native token ApeCoin (APE) has also struggled to regain its NFT-era highs. When it launched at ApeFest in Hong Kong on Oct. 20 last year, the project promised a variety of features such as fast transactions, non-fungible token (NFT) staking, and multiple utility-cases for APE, which was launched two years prior to the network's debut.At first, the launch of ApeChain — which was initially proposed to the ApeCoin DAO by a team including leads at Horizen Labs, Arbitrum developer Offchain Labs, and the Arbitrum Foundation — sparked a surge in activity as the network was supported by “Banana Bill,” an initiative with over 100 million APE tokens aimed at incentivizing developers and apps.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing AgainThe cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week. The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of the industry’s largest market makers, was preparing to sue Binance over alleged issues linked to the October 10 crash. Rumors Of A Lawsuit Against Binance Add To Anxiety Market unease deepened after rumors circulated on X claiming that Wintermute, one of the industry’s leading market makers, was preparing to sue Binance over losses incurred during the October 10 crash. The speculation began when a user known as WhalePump Reborn claimed that Wintermute had lost hundreds of millions and was preparing legal action, describing the situation as “not going to be pretty.” This was followed by another detailed post from a popular X account known as StarPlatinum, which addressed rumors that Wintermute was pursuing legal action against Binance over what it called unfair ADL executions during the massive liquidation event in early October. As noted by the post, Binance’s system overload during the crash led to automatic deleveraging (ADL) at extreme price points, causing an estimated $19 billion to $20 billion in liquidations in just 24 hours, the largest single-day wipeout in crypto history. Notably, Wintermute’s portfolio across Ethereum, Arbitrum, and Solana fell by about $65 million following the crash, though no on-chain patterns indicated forced liquidations or large withdrawals. Binance, for its part, had acknowledged system overloads at the time but denied any preferential treatment or technical fault that could have led to any unfair losses. Wintermute Founder Refutes Claims Of Lawsuit As panic spread through the market, Wintermute’s founder, Evgeny Gaevoy, took to X to dispel the rumors entirely. Quoting an earlier post from October 11, Gaevoy reiterated that Wintermute had never planned to sue Binance and saw no reason to do so in the future. “We never had plans to sue Binance, nor see any reason to do it in future,” Gaevoy said on X. “I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont,” he added. He also described the circulating claims as complete bullshit in a direct response to the WhalePump Reborn post. The Wintermute rumors are part of various factors that are causing the price of cryptocurrencies to crash. Another factor could be the Fed Chair Jerome Powell hinting that the central bank may not pursue additional rate cuts anytime soon. Adding to the selling pressure were outflows from spot Bitcoin ETFs. According to data from Farside Investors, Spot Bitcoin ETFs started November with outflows on Monday, bringing the trend to four consecutive days of outflows. At the time of writing, Bitcoin is trading at $104,502, down by 2.8% in the past 24 hours. Ethereum is trading at $3,490, down 6.0% in 24 hours. Dogecoin is trading at $0.1618, down 6.8% in 24 hours.
Mevolaxy Launches Mobile App and Announces Record Payouts[PRESS RELEASE – Los Angeles, USA, November 4th, 2025] Mevolaxy, a US-based mevstake platform, has released an intuitive mobile app to provide an easy solution for users who prefer managing their assets on the go. Additionally, the company announced that the latest investor payouts have set another record after the one set in June. These two developments highlight Mevolaxy’s commitment to providing maximum user convenience as part of its community-centric approach. Mevolaxy specializes in developing MEV bots and subsequently using them within the Mevstake system. Mevstake is the platform’s proprietary technology that locks in the user’s staking terms for the whole duration of their deposit. It can help users to better navigate market volatility and network changes. The Mevstake system allows users to contribute funds to a network-wide bot liquidity pool and receive a share of the potential profits. This makes tools previously available only to major traders accessible to a broad audience. The recent launch of the Mevolaxy mobile app means users can now access mevstake easily, even when away from their computers. The application is now available on the App Store. Early users already praised its speed, intuitive interface, and modern design. The app allows tracking accruals and statistics in real time, making interaction with the platform even more convenient. Mevolaxy also announced the latest investor payouts, totaling approximately $3.6 million. This figure represents a new record for the company, surpassing the $3 million in payouts set in June 2025. Company representatives noted that the growing payouts are a testament to the sustainability of their model and the trust of their users. About Mevolaxy Mevolaxy is a fintech company that seeks to expose users to blockchain-based earnings through advanced MEV strategies. The platform’s flagship product, the mevstake technology, aims to break down barriers and make MEV accessible to all users, regardless of their experience with cryptocurrencies. The Mevolaxy team consists of blockchain infrastructure developers, financial analysts, cybersecurity engineers, DeFi specialists, marketers, and product managers. The company’s engineers have many years of experience working with high-load systems and advanced blockchain technologies from Ethereum, Solana, Arbitrum, zkSync, and other networks. Users can use the Mevolaxy app to access advanced staking tools securely and without complicated settings or hidden fees. More about Mevolaxy here. The post Mevolaxy Launches Mobile App and Announces Record Payouts appeared first on CryptoPotato.
Wintermute Denies Binance Lawsuit Plans Amid Market Maker RumorsWintermute founder Evgeny Gaevoy has dismissed widespread speculation that his firm intends to sue Binance over losses from October’s historic crypto crash, stating “literally nothing changed” since his earlier clarifications and the company never had such plans. The clarification comes after days of social media speculation linking the market maker to potential litigation over auto-deleveraging executions during the October 10-11 flash crash that liquidated $19 billion in positions and briefly erased $600 billion from the crypto market cap. literally nothing changed since this tweet and we never had plans to sue binance, nor see any reason to do it in futureI should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont https://t.co/0oHShby0Uk— wishful_cynic (@EvgenyGaevoy) November 3, 2025 Gaevoy labeled the rumors as “larp” when directly asked whether he had signed a non-disclosure agreement with Binance or coordinated with other market makers to pursue joint legal action. Former Binance CEO Changpeng Zhao amplified the denial by quote-tweeting Gaevoy’s post, writing, “If someone made you believe otherwise, it’s time to click unfollow.“October Crash Stir ADL ControversyThe October 10 selloff was triggered by President Donald Trump’s announcement of 100% tariffs on Chinese imports, creating panic across global markets. Bitcoin plummeted to $104,782 during the 48-hour period, while Ethereum and major altcoins lost between 15% and 20% of their value. Binance’s trading infrastructure buckled under the strain, with API failures returning HTTP 503 errors and Reduce-Only orders being rejected during peak volatility.The exchange’s Auto-Deleveraging mechanism was activated, resulting in short liquidations at prices up to five times the prevailing market rates. Binance spent $188 million from its insurance fund and issued $283 million in refunds for oracle-related depegs, though ADL losses were excluded from compensation.Gaevoy had previously stated in a video that Wintermute was “ADL’d at completely ridiculous prices” and mentioned that the firm was evaluating legal options. These remarks fueled speculation about the lawsuit. Wintermute CEO @EvgenyGaevoy on how they got ADL’d on Binance and predicts lawsuits and challenges from trading firms. pic.twitter.com/d2hGXoOOHc— cryptotesters (@cryptotesters) October 20, 2025 On-chain analysis of Wintermute’s 10 tracked wallets across Ethereum, Arbitrum, and Solana revealed a 12% decline in the portfolio, dropping from $637 million to $572 million. No large withdrawals exceeding $10 million or liquidation patterns involving Aave or Compound were detected; however, a single 1,000 BTC inflow worth approximately $61 million occurred on October 4, just days before the crash.Market Structure Under ScrutinyThe October event exposed structural vulnerabilities in crypto derivatives markets, where notional liquidation figures vastly overstate actual capital losses. Speaking with Cryptonews, Sam Seo, chairman of the Kaia DLT Foundation, said the actual capital lost by traders is likely “in the range of 5% to 15% of the headline number,” translating to between $950 million and $2.85 billion in real losses. He warned that “the remaining 85-95% was simply phantom leverage, synthetic exposure that was rapidly unwound.“ Most people on Crypto Twitter freaked out over the $19B in liquidations. But real trader losses are far smaller than that, may be only 15% of the total figure.#CryptoCrash #Liquidations #BTChttps://t.co/d0IJDFeaNC— Cryptonews.com (@cryptonews) October 17, 2025 Bitcoin futures open interest collapsed by more than 30% during the selloff, erasing over $10 billion in notional positions in one of the largest single-day declines on record, comparable to the May 2021 liquidation and the FTX unwind in 2022.Patrick Heusser, head of lending and TradFi at Sentora, also explained that “liquidations [are] a speedometer for deleveraging intensity, not a profit and loss statement,” noting that exchanges settle these events using margin and insurance funds. Despite the chaos, Bitcoin recovered to $114,000 by October 13, supported by $420 million in spot ETF inflows that helped stabilize prices.‘Uptober’ Turns Red for First Time Since 2018According to Reuters, October marked Bitcoin’s first monthly loss since 2018, snapping a seven-year winning streak and ending nearly 5% lower for the month despite reaching an all-time high above $126,000 just days before the crash. The reversal came as broader risk appetite weakened, with Federal Reserve Chair Jerome Powell pushing back against market expectations for continued rate cuts and a government shutdown blocking crucial economic data. Analyst Scott Melker has earlier called Bitcoin’s resilience “a small miracle” after the liquidation, stating “I don’t think we’re entering a bear market” and noting “this isn’t 2017. Nor is it 2021. What happened last week was purely structural.“Bitcoin opened November trading at $106,961, down 0.7% as whale profit-taking and continued ETF outflows pressured prices below $107,000. For the first time in seven months, institutional demand has fallen below the pace of new coin issuance, indicating that large buyers are stepping back.Source: X/@caprioleioMarkets now price a roughly 70% chance of a 25-basis-point Fed rate cut in December, down from 94% a week earlier, as policymakers deliver mixed signals on growth and inflation.Analysts remain cautiously optimistic that November could restore typical seasonal strength, as Bitcoin has historically averaged returns exceeding 40% during the month.Speaking with Cryptonews, MEXC Research Chief Analyst Shawn Young noted that “accumulation of coins by major market participants, the trade agreement between Washington and Beijing, and moderately positive stock market performance are paving the way for a possible recovery in November.“VALR CEO Farzam Ehsani also warned that the market structure remains fragile, stating, “any change in the Fed’s tone or a new round of geopolitical tension could dramatically shift the balance of power,” keeping Bitcoin likely range-bound between $107,000 and $113,000 as participants await clearer macro signals.The post Wintermute Denies Binance Lawsuit Plans Amid Market Maker Rumors appeared first on Cryptonews.
GrantiX Brings $1.57 Trillion Impact-Investing Market On-Chain Through AI-Powered SocialFi Platform[PRESS RELEASE – Dubai, United Arab Emirates, November 3rd, 2025] GrantiX, the world’s first sustainable, multi-chain impact platform bridging traditional charities with blockchain donors, announced the upcoming launch of its mainnet ecosystem, uniting the $1.57 trillion impact-investing market with the transparency and scalability of Web3. Built on Arbitrum and designed to be blockchain-agnostic, GrantiX enables users to fund and track real-world social impact projects directly on-chain. Its AI-driven ecosystem connects verified social entrepreneurs with crypto investors through an integrated DeFi, SocialFi, and gamified Learn-to-Earn model, turning charitable giving into measurable, revenue-positive impact. “GrantiX is a natural progression for a world ready to take responsibility for its own quality of life,” said Dr. Konstantin Livshits, founder of GrantiX. “Blockchain finally gives us the tools to make philanthropy transparent, efficient, and scalable. GrantiX was born at the intersection of social entrepreneurship and investment, uniting people who create change with those who fund it.” Unlike traditional nonprofits or hype-driven Web3 projects that depend on grants or token speculation, GrantiX sustains itself through DeFi and CeFi integrations, impact staking, and transaction-based donations. The platform supports round-up contributions, decentralized endowments, and tokenization advisory services for social enterprises, bringing sustainable funding to causes worldwide. GrantiX’s technology has already processed more than 15,000 donations totaling $200,000, distributed $50,000 in grants to verified social entrepreneurs, and attracted more than 10,000 users organically without paid marketing. Its MVP is fully developed, with all smart contracts audited by CertiK, ensuring top-tier security ahead of its December mainnet launch. “GrantiX’s success will become the best proof that Web3 and blockchain emerged not in vain,” said Anton Yanushkevich, CEO of GrantiX, an advisor with over 10 years of experience in Web3, and the founder of Cryptemic FZ-LLC. “We are creating a transparent, efficient, and decentralized infrastructure that channels global resources into measurable good, restoring faith in what technology can achieve for humanity.” The platform’s AI Evaluation and Risk Management Layer adds an analytical backbone to its mission by assessing project efficiency, analyzing user behavior to match funding with causes likely to gain traction, and flagging early risks such as fund misallocation or reputational issues. This transparency-first approach ensures that every cent donated through GrantiX is traceable, verifiable, and aligned with impact performance. With over $850,000 in angel funding secured, GrantiX’s ecosystem already includes more than 40 active projects addressing causes from disaster relief and mental health to child welfare, seniors, animals, and environmental sustainability. The next phase includes IDO and IEO presales, CEX listings, and a global marketing rollout backed by more than 50 Web3 partners and ambassadors. Industry analysts view GrantiX as a key bridge between off-chain philanthropy, which exceeded $592 billion in 2024 (Giving USA), and emerging crypto philanthropy, which surpassed $1 billion in donations according to The Giving Block’s 2025 report. By combining transparency, AI analytics, and multi-chain accessibility, GrantiX brings new efficiency to a sector where traditional aid models are under strain amid declining government support. The December launch positions GrantiX to redefine the intersection of blockchain, AI, and impact investing, creating what the team calls an “impact layer for Web3,” a model where doing good becomes part of digital utility itself. About GrantiX GrantiX is a sustainable, multi-chain impact platform connecting donors, social entrepreneurs, and investors on-chain. Through its AI-powered Web3 ecosystem, GrantiX brings transparency and efficiency to global impact investing. Its audited, revenue-positive model combines DeFi, SocialFi, and DAO governance tools to fund and verify real-world charitable projects. Founded by Dr. Konstantin Livshits and Anton Yanushkevich, GrantiX’s mission is to make doing good a scalable, rewarding part of Web3 utility. Join the GrantiX community on social media! Website Telegram X (Twitter) YouTube LinkedIn Discord The post GrantiX Brings $1.57 Trillion Impact-Investing Market On-Chain Through AI-Powered SocialFi Platform appeared first on CryptoPotato.
GrantiX Launches AI-Powered SocialFi Platform to Bring $1.57 Trillion Impact-Investing Market On-ChainGrantiX, a pioneering blockchain-based impact platform, is set to launch its mainnet ecosystem this December, aiming to merge the $1.57 trillion global impact-investing sector with the transparency, efficiency, and scalability of Web3. Built on Arbitrum and designed to support...
Crypto Community Divided on DeFi Trust Implications After $128M Balancer ExploitVeteran decentralized exchange (DEX) Balancer v2 suffered a major hack on Monday, losing over $128 million and raising questions about whether users can trust even long-established, audited decentralized finance (DeFi) platforms.On-chain data showed roughly $128 million in digital assets sent to the hacker’s wallet across multiple blockchains, including 6,587 WETH (~$24.5 million), 6,851 osETH (~$26.9 million), and 4,260 wstETH (~$19.3 million), according to PeckShield. This marks Balancer’s largest hack to date.The losses affected several networks, including Ethereum, Polygon, Base, Arbitrum, Optimism, Sonic, and Berachain. Balancer’s native token, BAL, fell 11.1% to $0.87, according to CoinGecko. Meanwhile, the protocol’s total value locked (TVL) fell from $776 million to $406 million over the past 24 hours, according to DeFiLlama.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
GrantiX Launches AI-Powered SocialFi Platform to Bring $1.57 Trillion Impact-Investing Market On-ChainGrantiX, a pioneering blockchain-based impact platform, is set to launch its mainnet ecosystem this December, aiming to merge the $1.57 trillion global impact-investing sector with the transparency, efficiency, and scalability of Web3. Built on Arbitrum and designed to support multiple blockchains, GrantiX provides a decentralized environment where donors, social entrepreneurs, and investors can directly fund […]
Balancer Hack: $70M Lost in Record Ethereum DeFi BreachOne of Ethereum’s leading DeFi protocols, Balancer, which also functions as an established automated market maker (AMM) on the network, suffered a significant exploit today (November 3), resulting in losses exceeding $70M. On-chain data shows that multiple Balancer liquidity pools were drained in rapid succession, with the stolen tokens quickly transferred to a newly created wallet controlled by the attacker. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 What we Know About the Balancer Hack So Far The attack targeted Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that manipulated Vault calls during pool initialization. Improper authorization and callback handling allowed the attacker to bypass safeguards. This enabled unauthorized swaps or balance manipulations across interconnected pools, resulting in the rapid depletion of assets. The exploiter initiated a series of transactions starting with a key Ethereum mainnet transaction (0xd155207261712c35fa3d472ed1e51bfcd816e616dd4f517fa5959836f5b48569), which funneled assets to a new wallet under their control. Funds were then consolidated, likely for laundering via mixers or bridges. Balancer’s composable design, where pools interact heavily, amplified the flaw. Similar issues have plagued AMMs before, often tied to how they handle deflationary tokens or pool rebalancing. Full forensic details are still emerging, with auditors like PeckShield and Nansen involved. There is no evidence of a private key compromise; this was a pure smart contract exploit. The swift execution of the transfers suggests the attacker had a deep understanding of Balancer’s smart contracts, potentially exploiting a flaw in how the platform handles swaps or manages pool balances. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Balancer Reacts, Community on Edge At the time of writing, Balancer has posted just one update, confirming the hack and assuring the community an investigation is underway. The DeFi protocols post on X reads: “We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information.” The lack of communication has fueled uncertainty within the DeFi community, as users scramble to understand the scope and cause of the breach. Blockchain analysts have advised traders to refrain from interacting with Balancer pools until further information is released, warning that additional vulnerabilities may still be present. Market Cap 24h 7d 30d 1y All Time Meanwhile, Balancer’s native token, BAL, has declined by over 15% in the past 24 hours, due to both shaky market conditions and investor unease with the latest eight-figure exploit. Worryingly, this is not Balancer’s first encounter with hackers. In fact, the platform has now suffered three major security incidents in five years, an unsettling record for one of DeFi’s longest-running protocols. In 2020, attackers exploited Balancer’s handling of deflationary tokens, draining roughly $500,000. Then, in 2023, another vulnerability in its “boosted pools” led to $900,000 in losses despite prior security warnings. The latest $70M attack dwarfs those previous incidents, making it Balancer’s most severe exploit to date and one of the largest DeFi hacks of 2025. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Update to the Balancer Hack: More Funds Drained Across Multiple Networks Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 Multiple blockchain analysts have released an update on the Balancer breach within the last hour. As of now, over $128 million has been drained by the hacker across multiple chains to which the Balancer protocol is forked. Over $99M has now been stolen from Ethereum, while $12.8M has been drained from Berachain, $6.8M from Arbitrum, $3.9M from Base, $3.4M from Sonic, $1.58M from Optimism, and $232K from Polygon. The hack on the smaller chains represents a significant percentage of the network’s TVL (Total Value Locked). For example, per DefiLlama data, Sonic has just $150M in TVL and has been drained for $3.4M, approximately 2% of the total value locked on the network. It is concerning from an optics point of view that the attack appears to be still ongoing, with more funds being lost even now, and no update from the Balancer team since 10:00 UTC. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Balancer Hack: $70M Lost in Record Ethereum DeFi Breach appeared first on 99Bitcoins.
Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down?Unfortunately, crypto hacks happen all the time. Every time funds are stolen from a top-tier dApp, it becomes a huge morale dent for users and developers. The Bybit hack garnered negative press but subsided quickly when the exchange assured the community that it would continue processing transactions regardless of the $1.3 billion loss. Today, however, is yet another sad day for Balancer and DeFi. Earlier today, Balancer, one of the OG DeFi protocols, was hit (again), and the results are bad, not for the dapp but for the entire DeFi scene and Ethereum layer-2s. Before today, Balancer managed over $775 million, but the protocol is quickly bleeding. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 DISCOVER: Best New Cryptocurrencies to Invest in 2025 Balancer Hack: Over $120M And Rising Lost To understand what’s going on, we must first know what Balancer does. For beginners, Balancer is a decentralized automated market maker (AMM) protocol on Ethereum. From the dapp, developers on other Ethereum-compatible chains can also build programmable liquidity solutions. That you can fork Balancer V2’s code is a bonus. If you don’t have liquidity, you can supply assets and allow users to trade them while earning a yield from any custom liquidity pool straight from Balancer. But here’s the problem: Balancer only relied on a single core contract to manage all vaults. The design was intended to boost gas efficiency, but this became the single largest flaw, now affecting not only Balancer but also all other deployments that relied on its code. Here's everything you need to know about the Balancer Hack: 1. The attack targeted Balancer's V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that… pic.twitter.com/udAM4hB0OD — Adi (@AdiFlips) November 3, 2025 The hacker targeted the “manageUserBalance” function, effectively taking over vault withdrawals while bypassing sender validation. So far, over $128 million have been drained from vaults across multiple chains, including Berachain. Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 The loss will likely grow because after the hacker drained Balancer pools on Ethereum, the layer-1, the next targets were bridged equivalents on layer-2s, that is, wrapped tokens. What this is creating is a “domino effect” where a protocol using Balancer v2 code, especially if it’s a layer-2, has to pause operations until the flaw has been fixed. Balancer v2 (+forks) exploited for over $100M+TLDR: Balancer v2 and it's forks are affected:• ETH → balancer → 70m• Arbitrum → balancer → 6m• Base → balancer → 4m• @SonicLabs → beets → 3.4m• OP → beets → 283k• Polygon → balancer → 117k Exploiter is… pic.twitter.com/yTTtrS5L3S — Blub (@DeFi_Blub) November 3, 2025 DISCOVER: 9+ Best Memecoin to Buy in 2025 Berachain Halts Chain Out of caution, Berachain, which is supposed to mirror the Ethereum mainnet and run 24/7, has been paused. In a post on X, the team said its validators have “coordinated” purposefully to halt the platform as they scramble to perform an emergency hard fork in order to address the Balancer hack. The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. This halt has been executed purposefully, and the network will be operational shortly upon… — Berachain Foundation (@berachain) November 3, 2025 They are also aware that some may not be happy, but their primary objective is to protect over $12M of user funds. Beefy, a yield optimizer, has also paused all products linked to Balancer. Balancer V2 Exploit: All Beefy Balancer V2 products are paused. Our team is monitoring the situation closely. We will cooperate to ensure all losses are properly captured, and that Beefy users participate fully in any recovery. Our full support to the @Balancer team. pic.twitter.com/eC2JCkldRz — Beefy (@beefyfinance) November 3, 2025 They also promise to cooperate and ensure that all losses are properly accounted for. The question now is: Will other protocols, most of them being DEXes, follow suit? On Beets DEX, there are over $6.6M in total value locked (TVL), for instance, and this is just one of the over 20 platforms that have forked Balancer V2’s code. (Source: DeFiLlama) DISCOVER: 10+ Next Crypto to 100X In 2025 Balancer Hack Over $128M Lost, Berachain Halts Balancer is an DeFi OG Protocol managed over $700M before hack Over $128M withdrawn after smart contract exploit Berachain validators take caution, pause chain The post Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down? appeared first on 99Bitcoins.
