The post $88 Million in Cross-Chain Losses appeared on BitcoinEthereumNews.com. Key Points: Balancer attacked, losses reach $88 million across multiple blockchains. Market response linked to security concerns. Ongoing monitoring by PeckShield highlights vulnerabilities. The Balancer protocol, a prominent DeFi market maker, has suffered a major cross-chain exploit with losses currently estimated at $88 million as of November 3, 2025, according to PeckShield monitoring. This ongoing security breach underscores significant vulnerabilities within DeFi ecosystems, prompting urgent attention from stakeholders as broader impacts on market sentiment and liquidity are anticipated. Balancer Attack Causes $88 Million in Multi-Chain Losses The attack on Balancer has resulted in approximately $88 million in losses across various blockchains. PeckShield, a noted blockchain security firm, confirmed the incident through their monitoring services. The exploit is still active, affecting multiple assets. The attack primarily targets Ether and ERC-20 tokens in Balancer’s multi-chain pools. Balancer’s total value locked (TVL) has also seen a notable decline, reflecting the immediate implications on the platform’s value assurance. Xuxian Jiang, CEO of PeckShield, – “The Balancer attack is still ongoing, with estimated losses across multiple blockchains reaching $88 million.” Exploit Sparks DeFi Security Concerns and Regulatory Scrutiny Did you know? Balancer experienced a comparable exploit in 2021, but it did not reach the current scale of the ongoing attack, marking this as a prominent event in DeFi security history. Ethereum’s current market price stands at $3,714.47, showing a 4.63% decline over the past 24 hours. Despite recent fluctuations, its market cap remains robust at approximately $448.33 billion, per CoinMarketCap. The blockchain maintains a market dominance of 12.46%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 09:02 UTC on November 3, 2025. Source: CoinMarketCap The Coincu research team highlights potential regulatory scrutiny and technological setbacks within DeFi operations as a result. The impact of such exploits underscores the need for enhanced security protocols and industry collaboration… The post $88 Million in Cross-Chain Losses appeared on BitcoinEthereumNews.com. Key Points: Balancer attacked, losses reach $88 million across multiple blockchains. Market response linked to security concerns. Ongoing monitoring by PeckShield highlights vulnerabilities. The Balancer protocol, a prominent DeFi market maker, has suffered a major cross-chain exploit with losses currently estimated at $88 million as of November 3, 2025, according to PeckShield monitoring. This ongoing security breach underscores significant vulnerabilities within DeFi ecosystems, prompting urgent attention from stakeholders as broader impacts on market sentiment and liquidity are anticipated. Balancer Attack Causes $88 Million in Multi-Chain Losses The attack on Balancer has resulted in approximately $88 million in losses across various blockchains. PeckShield, a noted blockchain security firm, confirmed the incident through their monitoring services. The exploit is still active, affecting multiple assets. The attack primarily targets Ether and ERC-20 tokens in Balancer’s multi-chain pools. Balancer’s total value locked (TVL) has also seen a notable decline, reflecting the immediate implications on the platform’s value assurance. Xuxian Jiang, CEO of PeckShield, – “The Balancer attack is still ongoing, with estimated losses across multiple blockchains reaching $88 million.” Exploit Sparks DeFi Security Concerns and Regulatory Scrutiny Did you know? Balancer experienced a comparable exploit in 2021, but it did not reach the current scale of the ongoing attack, marking this as a prominent event in DeFi security history. Ethereum’s current market price stands at $3,714.47, showing a 4.63% decline over the past 24 hours. Despite recent fluctuations, its market cap remains robust at approximately $448.33 billion, per CoinMarketCap. The blockchain maintains a market dominance of 12.46%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 09:02 UTC on November 3, 2025. Source: CoinMarketCap The Coincu research team highlights potential regulatory scrutiny and technological setbacks within DeFi operations as a result. The impact of such exploits underscores the need for enhanced security protocols and industry collaboration…