Balancer Hacker Turns Stolen Tokens Into Ethereum
Key Takeaways: Ethereum Chosen by Balancer Hacker to Launder Stolen Assets The hacker behind the $116.6 million Balancer DeFi exploit has begun converting the stolen assets into Ethereum (ETH), deepening concerns about recovery prospects. According to on-chain analytics platform Lookonchain, the attacker is rapidly swapping various stolen tokens for ETH, making it harder to trace…