Golden Finance reported that after the Balancer v2 vault was attacked due to a significant vulnerability, resulting in over 110 million dollars in funds being lost for several weeks, Balancer DAO has begun discussing a plan to allocate approximately 8 million dollars of recovered assets to the affected LPs. The proposed plan includes providing structured rewards for white hat hackers and compensating users based on the user pool asset snapshot data at the time of the exploit.
Additionally, the 1.97 million dollars of osETH and osGNO recovered by StakeWise will be handled separately; the 4.1 million dollars recovered internally in collaboration with Certora does not meet the bounty conditions due to a prior agreement. This exploit was caused by a defect in the smart contract, marking the third major security incident that Balancer has encountered, and causing the total value locked (TVL) to plummet from approximately 775 million dollars to 258 million dollars, while the value of the BAL token has also lost about 30%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
