Balancer Recovers $8M for Users in Exploit Aftermath
Update: 2025-11-28
Description
Balancers Efforts to Return Stolen Funds: A Coordinated ApproachFollowing a major exploit that drained over $128 million from its pools, Balancer is working to return millions in rescued funds to its users. A new proposal outlines how about $8 million will be distributed, with $28 million already recovered through whitehat efforts and internal actions. The non-socialized approach means funds from specific pools will go back to their users, while whitehat rescuers receive a 10% bounty. Balancer also conducted an internal rescue operation, saving an additional $4.1 million, with users having 180 days to claim their funds.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
