"Balancer hack was prepared months in advance"

It has emerged that the $116 million hack at the decentralized exchange (DEX) Balancer (BAL) was carried out under a months-long plan.

On the 4th (local time), Cointelegraph reported that Conor Grogan (Conor Grogan), a Coinbase director, analyzed, "The attacker made multiple deposits in 0.1 Ethereum (ETH) increments to conceal the flow of funds," and "It appears they deposited funds obtained from previous hacks into Tornado Cash and then used them." He added, "It is rare to store large amounts in a mixer for an extended period, so this is judged to be an attack carried out with a high degree of sophistication."

There were also suggestions that this attack resembles patterns of the North Korean hacking group Lazarus. Eric Jardine, Chainalysis's head of cybercrime research, said, "Lazarus pauses activity before large-scale hacks to recalibrate their targets," and "The Balancer attack also appears to have been executed after long preparation."

Earlier on the 3rd (local time), Balancer had about $116 million worth of crypto assets stolen in the hack. Balancer is currently offering the hacker a 20% white hat(white hat) reward.

Deddy Lavid (Deddy Lavid), co‑founder of Cybers, explained, "This incident is one of the most sophisticated attacks among hacks that have occurred this year," and "The attacker bypassed access control layers to directly manipulate asset balances, and this stemmed from weaknesses in operational governance rather than protocol logic." He emphasized, "To prevent this, abnormal transactions must be detected immediately through real-time monitoring."