Citing AiCoin, Ethereum liquid staking protocol StakeWise DAO recovered approximately 5,041 osETH (worth $19 million) and 13,495 osGNO (worth $1.7 million) from the Balancer attack through an emergency multisignature transaction. The recovered assets account for 73.5% of the stolen osETH and the full amount of stolen osGNO. The funds will be returned to users affected by the Balancer V2 vulnerability, distributed proportionally based on their balances before the exploit. Previously, multiple projects based on Balancer suffered a complex attack, resulting in losses exceeding $120 million.
StakeWise DAO Recovers $20.7M in Assets from Balancer Attack and to Return to Affected Users
AiCoinShare
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.