DeFi rocked again: $120M Balancer hack exposes old crypto flaws
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352K views · 292 reactions | DeFi has become a trending fintech term, but what is it exactly? How can it be used to manage your wealth transparently, and is it truly secure? Julian Hosp, CEO of Cake DeFi, explains it all. Read more: https://sc.mp/bb0y | South China Morning Post | Facebook
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In a world where decentralized finance (DeFi) is supposed to thrive on transparency and security, the recent exploit on Balancer has raised urgent questions. Despite undergoing multiple audits, the vulnerabilities of complex composable pool logic and multi-chain deployments were exposed, showing that even the most diligent checks can fall short. This incident underscores the relentless evolution of hacking strategies, as attackers are leveraging on-chain automation to capitalize on security gaps
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