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Gnosis Chain Executes Hard Fork to Recover $116M from Balancer Hack

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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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