Decentralized finance protocol Balancer lost more than $128 million in a security breach on Monday. Security firms Peckshield and Cyvers detected the incident after observing large on-chain transfers, including 6,587 WETH ($24.5 million), 6,851 osETH ($26.9 million), and 4,260 wstETH ($19.3 million). Balancer confirmed awareness of the exploit affecting its v2 tools and stated its engineering team is investigating.

OceanPal, Inc. (NASDAQ: OP) has completed a $120 million private investment in public equity transaction through common stock and pre-funded warrants. The proceeds will establish SovereignAI, a digital asset treasury company focused on commercializing NEAR Protocol and developing blockchain-native AI-cloud infrastructure using NVIDIA technology, according to a press release. Investors in the offering included Kraken, Proximity, Fabric Ventures, and G20 Group.