Balancer's Annual Security Incident Review: Total Losses Exceed $21 Million Due to Flash Loans, Front-End Hijacking, and Cross-Protocol Vulnerabilities

By: theblockbeats.news|2025/11/03 17:45:58
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BlockBeats News, November 3rd, the DeFi protocol Balancer is currently under attack, with losses exceeding $1.166 billion across multiple chains, and the attack on Balancer is still ongoing. According to on-chain AI analysis tool CoinBob (@CoinbobAI_bot) summary, Balancer's historical security events are as follows:

· June 2020 Flash Loan Attack: An attacker exploited the compatibility issue between deflationary tokens (STA/STONK) and the Balancer smart contract, draining the liquidity pool by repeatedly calling swapExactAmountIn, ultimately profiting $523,600.

· August 2023 V2 Pool Vulnerability: The Balancer V2 pool was subjected to multiple flash loan attacks due to a code vulnerability, resulting in a total loss of $2.1 million. The team urgently paused the affected pool and advised users to withdraw, but funds that were not withdrawn in time were still exploited.

· September 2023 Frontend Hijacking Attack: A hacker seized control of the Balancer frontend through BGP/DNS hijacking, tricking users into authorizing a malicious contract, resulting in a loss of $238,000. On-chain sleuth ZachXBT traced the fund flow to address 0x645710Af050E26bB96e295bdfB75B4a878088d7E.

· 2023 Euler Incident Fallout: Due to a vulnerability in Euler Finance, the Balancer bbeUSD pool suffered a $11.9 million loss, representing 65% of the pool's TVL. The team took protective measures to restrict liquidity withdrawals.

· 2024 Velocore Attack Affiliation: The Velocore exploit involving a Balancer-style CPMM pool resulted in a $6.8 million loss. Balancer's technical architecture was indirectly implicated due to cross-protocol integration.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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