Balancer Labs is shutting down after a major exploit but the DeFi protocol will continue in a decentralized form.

Ethereum-based DeFi protocol Balancer was exploited on Nov. 3, with losses exceeding $70 million. Attackers drained multiple liquidity pools and moved funds into a single new wallet within minutes.

Balancer is a decentralized protocol built on the Ethereum blockchain that allows users to create and manage automated portfolio-like pools. These pools, composed of multiple tokens, are intelligently ...

Balancer Labs has decided to call it quits six months after its namesake protocol suffered a major security breach that founders say caused reputational damage and triggered a sell-off in the Balancer ...

In the rapidly evolving world of decentralized finance (DeFi), Balancer BAL has emerged as a powerful tool for automated portfolio management. DeFi has revolutionized traditional finance by providing ...

Protocol integrations, gas fee reimbursements and a bump in DeFi activity back Balancer’s rally to a new all-time high. Decentralized finance (DeFi) was the driving force behind the growth in the ...

The Balancer Protocol announced that hackers had targeted its v2 pools, with losses reportedly estimated to be more than $128 million. Balancer is a decentralized finance (DeFi) protocol built on the ...

The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users not to interact with the Balancer protocol until further notice. Balancer, an Ethereum-based decentralized finance ...