The Social Ledger

Episode 27: The $100M DeFi Meltdown: Inside Balancer’s Great Crypto Heist


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In Episode 27, JR and Leon delve into the complex world of decentralized finance (DeFi), recent crypto controversies, and their implications for the future of digital trust. Halfway through their first year of podcasting, the Social Market team reflects on how far they’ve come and what’s next for both their app and the broader crypto ecosystem.


Hosts: 

Jesus Burgoa (JR), Founder & CEO of Social Market

LinkedIn, X & Website


Co-Host: 

Leon Hitchens, CMO of Social Market

LinkedIn, X & Website


Find Us: 

Spotify: https://open.spotify.com/show/3cfUVNwIm2AXt2oZ0nx2Dv

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-social-ledger/id1803475184

YouTube: https://www.youtube.com/@TheBoostChannel 

Website: https://theboost.fm/social-ledger-report/


Key Topics Covered

1. Balancer Protocol Exploit – $100M Gone Overnight

2. Trump’s Controversial Pardon of CZ (Binance Founder)

3. DeFi, Memes & Centralization

4. The Polymarket Controversy – Fake Traffic & Market Manipulation

5. SBF Appeals & the “Forbes Curse”

Big Takeaways

  • DeFi Security Needs Evolution: One-time audits and DAOs aren’t enough to protect users.
  • Crypto & Politics Collide: Trump’s pardon of CZ could reshape the crypto landscape in the U.S.
  • Public Perception Matters: Scandals and fake engagement are eroding trust in DeFi projects.
  • Transparency & Accountability Win: Whether in crypto or traditional finance, trust still rules the game.

References

Balancer DeFi Protocol Exploit (Nov 4, 2025)

  • https://x.com/TronWeekly/status/1987169488773787847
  • https://www.tronweekly.com/balancer-dao-issues-deadline-to-hacker-after/
  • https://x.com/the_c_protocol/status/1987168734847418596

Trump’s CZ Pardon and Crypto Politics

  • https://x.com/asemirim/status/1987132183887192517
  • https://x.com/MalayaS31/status/1987036569455501774
  • https://x.com/cryptonews/status/1986031772208181507
  • https://cryptonews.com/news/trump-white-house-clarifies-cz-pardon-thorough-review/?feed_id=22839&_unique_id=690b33d796520

SBF Appeals His 25-Year Sentence

  • https://x.com/davidzmorris/status/1986828824860840191
  • https://x.com/ParrotCapital/status/1986638571248492650
  • https://x.com/davidzmorris/status/1986622512290033815
  • https://x.com/
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The Social LedgerBy The Boost Network