Arkham Intelligence reported that the exploiter transferred 6,999 ETH to a newly created wallet. The movement followed an earlier one-ETH test transaction the attacker used to verify routing paths, a method frequently seen in DeFi exploit behavior. These transfers suggest a coordinated attempt to secure exit liquidity before further recovery efforts restrict access.

Recovery Efforts Reveal Hidden Scaling Vulnerability

Balancer stated that the recovered amount was tied to a vulnerability inside its internal scaling logic. The issue originated from a function responsible for adjusting token values during pool calculations. The attacker identified small rounding discrepancies and repeated swap operations to generate precise micro-profits. This approach differed from earlier Balancer incidents and demonstrated how new attack vectors continue to emerge in decentralized finance.

StakeWise also recovered a major portion of the assets drained during the event. The project retrieved 5,041 osETH through a smart contract call, reducing the overall stolen amount from $117 million to $98 million. The improvement helped several platforms restore halted services. Stader Polygon resumed MaticX unstaking after temporarily suspending withdrawals to prevent liquidity access during the critical stage of the investigation.

Major Crypto Security Breaches Continue Through 2025

The Balancer exploit adds to a series of high-impact attacks that shaped the crypto landscape in 2025. Earlier in the year, Cetus Protocol lost $260 million after a coordinated exploit. Investigators traced 12.9 million SUI to an attacker-linked wallet before the funds were moved through USDC and converted into ETH. Bybit also faced a severe security breach involving more than $1.4 billion in digital assets, marked by unusual ETH withdrawals from addresses tied to exchange inflows. Centralized platform BigONE reported a $27 million loss after attackers accessed its hot wallet, draining BTC, ETH, SOL, SHIB and USDT.

These incidents illustrate a broader trend of exploiters combining multi-chain routing, stablecoin swaps and rapid wallet transitions to obscure their tracks. Analysts emphasize that these patterns now form a consistent framework across most high-value attacks.

On-Chain Signals and Market Impact as the Investigation Continues

The attacker’s movements have intensified market attention as observers monitor large-scale transfers and potential liquidation strategies. The ongoing activity increases concerns about short-term liquidity pressure, especially in ecosystems linked to Balancer’s pools. On-chain experts note that rising conversion frequency, new address creation and repeated routing tests often indicate imminent selling phases during post-exploit periods.

The Balancer hack continues to evolve as investigators analyze transaction patterns and track the remaining assets. Market participants remain alert, recognizing that the attacker’s next steps could influence sentiment, trading volume and liquidity in the coming days.

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The post Balancer Hack Update: Attacker Starts Selling Stolen Tokens appeared first on Coin Engineer.

Sui Validators Approve Major Recovery Plan

After Cetus, a decentralized exchange, was exploited for over $220 million on May 22, Sui validators acted quickly to freeze $162 million in digital assets. The fate of these funds was determined through a governance vote concluded on May 29.

With 90.9% of validators voting in favor, the recovery proposal passed. The frozen assets will now be transferred to a multisignature wallet and held in trust until distributed to affected users, according to Sui’s official announcement.

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This move signals a pivotal step toward financial restitution for those impacted by the exploit.

Validator Intervention Sparks Governance Debate

The swift validator action reignited debate within the crypto world. While decentralization purists voiced concern over the ability to freeze onchain assets, others praised the move as an effective counter to escalating security threats in DeFi.

The recovery initiative extends beyond the frozen funds. It will also leverage Cetus’ own treasury and an emergency loan from the Sui Foundation to fully restore protocol operations.

Cetus Targets Full Recovery Within One Week

Cetus expressed appreciation for the rapid community support and outlined a full roadmap for protocol recovery. The first phase involves upgrading validator nodes to transfer the funds to a multisig wallet, followed by system restoration.

The team expects a full restart within one week. All liquidity providers will regain access to their assets, while remaining losses will be compensated via a dedicated smart contract currently undergoing auditor review.

Cetus emphasized that this compensation mechanism will ensure fair restitution for all affected users.

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Following several technical analyses and on-chain data reports shared on X (formerly Twitter), investor concerns have grown. Independent analysts have pointed to unusual transaction patterns traced to specific wallet addresses, raising suspicions of a potential exploit being underway.

Sharp Price Decline in SUI and CETUS Tokens

After the news spread through social platforms, $SUI dropped by 3.8%, showing a swift negative response. The most significant impact, however, was seen in CETUS, the token at the heart of the incident. Cetus coin plummeted by approximately 40% within the same period, triggering alarm among holders.

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This downturn has dealt a blow not only to investor confidence in Cetus, but also to the overall reputation of the SUI network. Trading volumes surged as some investors scrambled to exit positions and shift funds to alternative protocols in an effort to minimize losses.

Official Statement Pending, All Eyes on Cetus Team

All attention is now on the Cetus Protocol team and their pending response. If the alleged exploit is confirmed, it will mark a serious reputational test not just for Cetus but for the broader SUI ecosystem. It may also prompt a renewed focus on smart contract security across other DeFi projects.

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Millions Lost Within Minutes

The attacker deployed a smart contract from address 0xb32a53… at 07:31 UTC and launched the exploit two minutes later from contract 0x631adf…, draining funds from wallet 0xb5252f… The stolen tokens were quickly converted into USDT, totaling $2,152,219.99.

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Cyvers classified the exploit as “critical,” citing abnormal transaction patterns and suspicious contract code. As of publication, the attacker’s wallet remains active and has not moved the stolen assets. No official statement has been issued by the Mobius Token team.

Cyvers noted their system had flagged the malicious contract two minutes prior to the exploit, but it was too late to prevent the loss.

Crypto Exploits Surge in 2025

This incident follows a wave of crypto hacks reported in April 2025, when PeckShield identified over $360 million in digital asset losses from 18 attacks — a 990% increase from March. The largest was a $330 million BTC theft via social engineering.

As the crypto space grows, so do the threats. This attack highlights the importance of not only decentralization but robust smart contract security in protecting investors and protocols alike.

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The post Mobius Token Smart Contracts Exploited on BNB Chain appeared first on Coin Engineer.

Liquidation Process Bypassed Using HLP Vault

When the price of JELLY surged by 400%, the large short position held by the whale was not immediately liquidated. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), a mechanism designed to process large-scale liquidations. Despite efforts to contain the exploit, the attacker still held 10% of JELLY’s total supply, worth nearly $2 million as of March 27.

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Following the incident, Hyperliquid delisted JELLY, citing “suspicious market activity.” This move sparked criticism from the community, with some users questioning the platform’s decentralization. According to Bitget Research analyst Ryan Lee, Hyperliquid’s actions may damage trust in DEXs if interventions appear overly centralized.

DEX Growth Threatens CEX Dominance

Despite the exploit, decentralized exchanges (DEXs) like Hyperliquid are increasingly challenging centralized platforms (CEXs). CoinGecko co-founder Bobby Ong pointed out that some in the industry believe major CEXs are feeling threatened and may be fighting back to protect their market share.

“It’s clear that CEXes are feeling threatened by DEXes, and are not going to see their market share erode without putting on a fight,” Ong said in an April 3 post on X (formerly Twitter).

Hyperliquid Climbs the Ranks

According to CoinGecko data, Hyperliquid is now the eighth-largest perpetual futures exchange by volume, outperforming platforms like HTX, Kraken, and BitMEX. In terms of open interest, Hyperliquid ranks 12th globally, with over $3 billion in 24-hour open interest—though still behind Binance’s $19.5 billion.

While DEXs offer transparency and non-custodial trading, incidents like this highlight the ongoing security and trust challenges facing emerging decentralized finance platforms. How protocols like Hyperliquid respond will be crucial in shaping investor confidence going forward.

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On January 11, Mango Markets announced on its X (formerly Twitter) account that the platform would shut down and urged users to close their positions.

The decision follows governance votes that implemented new rules adjusting interest rates and collateral requirements, effectively ending borrowing and lending on the platform. These changes are expected to take effect on January 13.

SEC Settlement

On September 27, 2024, the SEC filed charges against Mango DAO and Blockworks Foundation for selling unregistered securities. According to the SEC, Mango raised $70 million in 2021 through the sale of MNGO governance tokens, violating the Securities Act of 1933. The SEC also accused Mango Labs of operating as an unregistered broker, breaching the Securities Exchange Act of 1934.

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As part of the settlement, Mango DAO agreed to pay $700,000 in civil penalties, destroy MNGO tokens, and request exchanges to delist these tokens.

Legal and Financial Troubles of Mango Markets

Mango Markets’ decision to shut down traces back to an October 2022 exploit. Crypto trader Avraham “Avi” Eisenberg exploited a vulnerability in Mango’s protocol, draining over $100 million from the platform.

Following a community vote, Eisenberg returned $67 million but kept $40 million. He was arrested in December 2022 by U.S. authorities on charges of fraud and market manipulation.

Eisenberg’s sentencing has been postponed multiple times and is now scheduled for April 10, 2025. Facing up to 20 years in prison, Eisenberg may also be subject to civil enforcement actions by the SEC and the Commodity Futures Trading Commission (CFTC).

Impact on Mango Markets and the Solana Ecosystem

The total value locked (TVL) on Mango Markets has dropped significantly, from its all-time high of $210 million in November 2021 to just $9 million today—a decline of 95.7%.

This closure highlights the importance of security and regulatory compliance for decentralized exchanges within the Solana ecosystem.

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