Balancer DAO to Launch Compensation Program for Hack Victims, Plans to Distribute $8 Million in Recovered Assets
Balancer DAO is making a significant move. Following a major security incident on November 3rd that resulted in the loss of over $110 million, the organization has decided to return approximately $8 million worth of recovered funds to the affected liquidity providers.
**Composition and Handling of Recovered Assets**
Recovery efforts, carried out through collaboration between security teams and white-hat researchers, have successfully retrieved funds from multiple pool sources. Among
View OriginalBalancer DAO is making a significant move. Following a major security incident on November 3rd that resulted in the loss of over $110 million, the organization has decided to return approximately $8 million worth of recovered funds to the affected liquidity providers.
**Composition and Handling of Recovered Assets**
Recovery efforts, carried out through collaboration between security teams and white-hat researchers, have successfully retrieved funds from multiple pool sources. Among