Ethereum Security Milestone: StakeWise Recovers $21M from Balancer Hack Amid Market Recovery

In a significant demonstration of blockchain security resilience, Ethereum staking protocol StakeWise has successfully recovered $20.7 million in stolen assets from the recent Balancer V2 exploit. The recovery, representing 73.5% of the stolen osETH tokens and all osGNO tokens, was executed through an emergency multisig transaction as Ethereum's price shows positive momentum. This development marks a crucial victory for DeFi security protocols and user protection mechanisms within the Ethereum ecosystem. The successful asset recovery comes at a pivotal time when the cryptocurrency market is showing renewed strength, with Ethereum leading the charge in the ongoing market recovery. The coordinated effort between StakeWise and security researchers highlights the maturing infrastructure of decentralized finance and the growing capability of protocols to respond effectively to security incidents. This incident resolution not only restores significant value to affected users but also strengthens confidence in Ethereum's staking ecosystem and the broader DeFi landscape. The recovery process involved sophisticated analysis of the price manipulation attack that targeted Balancer's V2 stable pools, demonstrating the advanced security measures now available within the Ethereum network. As the market continues to evolve, such successful interventions set important precedents for future security protocols and user protection standards across the decentralized finance space.

StakeWise Recovers $21M in Stolen Assets from Balancer Hack as ETH Price Rises

Ethereum staking protocol StakeWise has successfully recovered $20.7 million worth of osETH and osGNO tokens stolen during the Balancer V2 exploit. The funds, representing 73.5% of the stolen osETH and all of the osGNO, were secured through an emergency multisig transaction and are expected to be returned to affected users.

The recovery comes after a complex price manipulation attack on Balancer's V2 stable pools, which resulted in over $120 million in losses. Ethereum's price responded positively to the news, rising 1.1% to $3,640. StakeWise confirmed its Core protocol remained unaffected by the breach.

Market observers are watching whether this development could help stabilize ETH's recent price volatility. The incident highlights both the vulnerabilities in DeFi protocols and the growing capability of projects to respond to security breaches.

Machi Big Brother Bets Big Again with 25x Ethereum Long Amid Market Turmoil

Jeffrey Huang, the crypto trader known as Machi Big Brother, has doubled down on Ethereum despite recent market turbulence. His latest move—a 25x Leveraged long position on 100 ETH—signals unshaken confidence in the asset. The $364,240 wager, backed by just $16,771 in perpetual equity, comes after Huang absorbed heavy losses during recent volatility.

Such high-leverage bets are rare in current conditions, where most traders remain risk-averse. Huang’s play reflects a contrarian stance, banking on Ethereum’s long-term resilience rather than short-term instability.

Balancer Hacker Converts Stolen Funds to Ethereum as Stakewise Recovers $21M

The perpetrator behind the Balancer DeFi exploit is rapidly liquidating stolen assets into Ethereum, signaling a strategic MOVE to obscure the trail. Meanwhile, Stakewise has successfully reclaimed $21 million of the pilfered tokens, offering a glimmer of recovery amid the chaos.

The Balancer protocol remains under siege after suffering a devastating breach, with losses exceeding $116.6 million. The incident underscores the persistent vulnerabilities in decentralized finance, even as the ecosystem matures.

Balancer Exploit: $116M Drained as Attacker Converts Funds to ETH

Balancer, a cornerstone of decentralized finance, faces a crisis after a sophisticated exploit drained $116 million across multiple chains. The attacker rapidly converted stolen assets—primarily wrapped ETH and staked derivatives—into Ethereum, escalating losses from an initial $70 million within hours.

Blockchain analytics firm Lookonchain tracked the hacker's movements as they methodically swapped tokens for ETH. The breach targeted vulnerabilities in Balancer V2 pools, prompting an urgent investigation by the platform's engineers. 'Potential exploit impacting Balancer v2 pools,' the team acknowledged in a terse X post, offering no immediate remediation plan.

This incident marks another blow to DeFi's security reputation, with Balancer joining a growing list of protocols compromised by smart contract exploits. The rapid chain-hopping and asset conversion demonstrate attackers' increasing sophistication in laundering stolen funds.