Citing ChainCatcher, Gnosis Chain has executed a hard fork to recover funds related to the $116 million hack of Balancer in November. The fork was confirmed on X on Tuesday, with the stolen funds now 'out of the hacker's control.' Most validation nodes had previously taken emergency soft fork measures in November to limit losses. Philippe Schommers, Gnosis infrastructure lead, stated the recovered funds will be deposited into a DAO-controlled wallet, with the community deciding on the next steps. Earlier reports indicated that Balancer disclosed the attack on November 3, with over $116 million lost. A white-hat hacker and internal rescue efforts had already recovered around $28 million in assets.
Gnosis Chain Executes Hard Fork to Recover $116M from Balancer Hack
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Summary
Gnosis Chain executed a hard fork to recover $116M from the Balancer hack, using on-chain data to confirm the stolen funds are now out of the hacker’s control. The update was announced on X, with most validation nodes having taken emergency soft fork steps in November. Philippe Schommers said the funds will go to a DAO wallet for community decision. Balancer reported the attack on Nov 3, with $28M already recovered through internal and white-hat efforts. On-chain analysis shows the chain remains stable post-fork.
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