Back
StakeWise DAO Recovers Majority of Assets Stolen in Balancer Exploit

StakeWise DAO Recovers Majority of Assets Stolen in Balancer Exploit

StakeWise DAO’s emergency multisig recovered $20.7M in osETH and osGNO from the Balancer attacker, with assets to be proportionally returned to pre-attack user balances.

OSETH

Summary

StakeWise DAO’s emergency multisig recovered 5,041 osETH (~$19M) and 13,495 osGNO (~$1.7M) from the Balancer attacker, totaling about $20.7M. The reclaimed assets will be returned to affected users based on their pre-attack balances, marking a notable recovery effort in decentralized finance. This new total recovery amount exceeds the earlier $19.3M figure and expands restitution efforts beyond only osETH to include osGNO holdings.

Terms & Concepts
  • osETH: A liquid staking token representing staked Ethereum in the StakeWise protocol.
  • osGNO: A liquid staking token representing staked Gnosis on the StakeWise protocol.
  • Balancer V2: A decentralized finance (DeFi) protocol for automated portfolio management and trading on the Ethereum blockchain.