Gnosis Chain conducts hard fork – stolen Balancer funds to be recovered

robot
Abstract generation in progress

The Gnosis Chain community has taken a decisive step: a planned hard fork aims to make the assets lost during the Balancer exploit recoverable. The network is working to regain control of the funds managed by attackers.

Technical Measures to Combat the Damage

To contain the spread of the incident, Gnosis, Monerium, and the Balancer team have already implemented preventive steps. Several affected liquidity pools have been frozen, preventing further capital outflows. In parallel, the standard Gnosis Chain bridge has been temporarily restricted to block asset transfers.

Coordinated Collaboration in the Ecosystem

The hard fork represents the next step in a coordinated response. The Gnosis team is relying on close collaboration with its ecosystem partners. Node operators have been urged to take necessary measures to avoid potential sanctions and to maintain network integrity. This coordinated strategy aims to ensure that Gnosis Chain maintains its stability and that affected users are protected.

GNO0,57%
BAL-0,49%
NODE-2,76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)