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JUST IN: Balancer Labs, the original entity behind one of the first major DeFi AMMs, will cease operations following a $116 million hack in November 2025.
Although the protocol will remain active under a new structure led by the DAO and the foundation, the case once again highlights the design risks in complex DeFi systems.
Balancer Labs announced its closure after the $116 million exploit that occurred on November 3, 2025.