Balancer v2 launched in 2021 and is one of the most looked at and forked smart contracts since. It's very scary. Every time such an old contract can be exploited, it (rightfully) sets Defi adoption back by 6-12 months.

Uttam
@uttam_singhk
11-03
Balancer exploited for over $110M along with forks on multiple chains, TLDR:
-> Balancer v2 pools are impacted, v3 is safe
-> other BL forks are also affected, Total loss on different chains:
Eth: balancer, 70m
Base: balancer, 3.9m
Polygon: balancer, 117k
Sonic: beets, 3.4m
Arb:

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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