Balancer plans to distribute $8 million in recovered funds from $128 million exploit
Balancer proposes distributing $8 million recovered from a $128 million exploit to affected liquidity providers.Summary
DeFi protocol Balancer is proposing a plan to distribute approximately $8 million in assets rescued from a major exploit earlier this month that drained over $128 million from its vaults. The recovered funds, totaling about $28 million initially, were salvaged through white hat interventions and internal operations, though $19.7 million remains managed by StakeWise. The reimbursement model is non-socialized, meaning only liquidity providers (LPs) in the specific affected pools will receive pro-rata distributions based on their Balancer Pool Token (BPT) holdings at the time of the exploit, distributed as payment-in-kind. Furthermore, six white hat actors who recovered about $3.86 million will receive 10% bounties, capped at $1 million per operation, provided they complete necessary identity verification. Unclaimed assets will become dormant after a 180-day claim window.
(Source：The Block)