DeFi Protocol Balancer to Refund $8M to Users After $128M DeFi Hack

Balancer has proposed a plan to return nearly $8 million in recovered assets to liquidity providers affected by a major exploit earlier this month.

In early November, Balancer V2 Composable Stable Pools suffered an attack that exploited a vulnerability, allowing the perpetrators to steal approximately $128.6 million.

Since then, the project says around $28 million has been recovered through internal operations and white-hat interventions. Of this amount, roughly $19.7 million in osETH and osGNO remains under the management of liquid staking protocol StakeWise.