Balancer has submitted a governance proposal to return $8M in rescued assets as part of its post-hack recovery, outlining next steps after November’s $116M exploit.
A new governance proposal on Balancer’s forum details a plan to reimburse approximately $8 million in assets recovered after the protocol’s $116 million hack in November 2024. The funds were secured through white-hat and internal rescue efforts. This marks the next phase in Balancer's structured recovery, focusing on returning rescued assets to affected stakeholders. Separately, $20 million recovered by StakeWise will be distributed directly to its users, independent of Balancer's initiative.