Derived from TheCCPress, Balancer is recovering $128 million lost in a recent exploit targeting its v2 pools. The team, alongside whitehat hackers, has identified $8 million for direct reimbursement to impacted users, with StakeWise recovering an additional $19.7 million in staking tokens. The exploit, caused by a rounding error in Stable Pools, led to a 2% rise in BAL token price post-announcement. A claims portal allows users to verify balances and receive refunds after signing a legal waiver.
Balancer to Refund $128M Lost in DeFi Exploit, $8M for Affected Users
CCPressShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.