The crypto market is entering November battered and bruised, with sentiment unraveling further after a fresh exploit drained over $110 million from the Balancer protocol. This chilling security breach casts a long shadow over DeFi’s reputation just as traders, spooked by last week’s ETF outfl... ... Read full 🔴😞 Market Analysis — 5-11-0
Bitcoin falls to a two-and-a-half-week low as reduced expectations for further U.S. interest rate cuts prompt investors to pull back from riskier assets, Deus X Pay director of trading James Madden says in a note. The repricing of rate expectations comes after Fed Chair Jerome Powell said another ra…
DeFi protocol Balancer appears to have suffered an exploit, with roughly $88 million in assets drained from its vaults, according to security firm PeckShield.Etherscan transaction logs show large, unusual transfers from Balancer’s “0xBA1...BF2C8” address to an external wallet. The outflows included …