The Balancer protocol has been exploited for over $116 million, with the hacker's wallet currently holding significant amounts in Ethereum ($99.5M) and Arbitrum ($7.9M). This event highlights the inherent risks in DeFi, even for established protocols, and underscores that "safe yield" is a myth. Investors should re-evaluate their exposure to DeFi protocols, especially those offering high yields, as all returns are risk-adjusted.