Analysts warn that sustained trading below $0.18 could lead to a drop toward $0.07, while defending this level might spark a recovery.

[Venus Protocol Suspends BAL Collateral Lending in Response to Balancer Attack Incident] Venus Protocol issued a statement on Platform X, announcing precautionary measures in response to today's hacker attack on Balancer. Specific measures include adjusting the loan-to-value (LTV) ratio of the BAL market on the Ethereum network to 0 and suspending all new lending operations using BAL as collateral until the system stabilizes. The liquidation threshold for existing positions remains at 59%, so they will not be affected. Venus Protocol advises users to closely monitor their positions and health factors, and recommends repaying loans or adding collateral in a timely manner to reduce risks.

[Balancer Project Suffers Complex Attack, Losses Exceed $120 Million] BlockSec Phalcon monitoring indicates that several projects based on Balancer were subjected to a complex attack hours ago, resulting in losses exceeding $120 million. Preliminary analysis suggests that the attackers manipulated invariants to distort BPT price calculations, profiting from specific stable pools. Taking the attack transaction on Arbitrum as an example, the attack unfolded in three stages: adjusting the cbETH balance to the rounding boundary, leveraging precision loss to suppress BPT prices, and reverse-swapping underlying assets for profit.

[Poisoning Attack Causes Loss of $1,256,000 USDT to One Address] On November 3 (UTC+8), Cyvers Alerts detected a poisoning attack incident. An attacker induced the victim to act by sending 0.001 USDT to the target address, leading the victim to mistakenly transfer over $1,256,000 USDT to the attacker's address within 4 minutes. The funds remained idle in the attacker's wallet for approximately 6 hours before being exchanged for other assets 30 minutes ago to avoid freezing risks. The identity of the attacker and the whereabouts of the funds have not yet been disclosed.

[Binance Alpha Launches Kite (KITE)] On November 3, Binance Alpha has officially launched Kite (KITE).