Token of Power suffered an exploit on Tuesday that drained more than $1.5 million from its liquidity pool. On-chain firms Blockaid, PeckShield, and Cyvers flagged the incident in posts on X.
The Balancer exploiter reactivated wallets that had been dormant for five months and began converting 1,100 ETH into BTC through THORChain. Funds stolen from Balancer amount to approximately $120 million in ETH, and the laundering pattern replicates the one used in the KelpDAO hack.