Balancer’s ETH Elegy 🤡: $116M Vanishes in DeFi’s Grand Farce 🎭

According to the oracle of blockchain analytics, Lookonchain, the thief wasted no time in swapping pilfered tokens for ETH, as if conducting a midnight ballet with the market’s heartbeat. “Note that the Balancer hacker is now swapping the stolen assets for $ETH,” they intoned, like a prophet of doom. The total loot swelled to $116.6 million before the villain’s pace slowed, their targets: wrapped ETH and staked derivatives, the digital gold of the crypto age.





