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Balancer: White-Hat Recovery Operation Launched, Approximately $4.1 Million Funds Moved to Controlled Custodian Account

2 hours ago

On November 13th, Balancer tweeted that in response to the recent Balancer V2 stable pool incident, the team has launched a white-hat recovery operation and transferred approximately $4.1 million to a controlled custody account for reconciliation and refund purposes. This only pertains to the Balancer V2 meta stable pool, and Balancer V3 remains unaffected. Balancer cautions community users to be vigilant against phishing attacks and advises them not to interact with the temporarily listed pool of funds. Further updates will be provided after the reconciliation is completed. In a previous announcement, Balancer experienced a hack that led to a loss of approximately $116.6 million, involving the transfer of assets across multiple chains, including WETH, Staked ETH, wstETH, and various other tokens.
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