Gnosis announces hard fork to recover funds from Balancer exploit

Gnosis chain operators executed a hard fork on Monday to recover funds linked to the significant $116 million Balancer exploit that occurred in November. This action followed a majority of Gnosis validators adopting a soft fork in response to the exploit affecting Balancer-managed contracts on Gnosis Chain. Gnosis indicated that the recovered funds are now "out of the hacker's control," suggesting a partial or full recovery is underway. The head of infrastructure, Philippe Schommers, stated the immediate focus is enabling fund recovery by Christmas, after which the community will discuss how users can claim their assets and how contributors involved in the rescue mission will be compensated. The original Balancer exploit on November 3 resulted in over $116 million in digital assets being stolen, though white hat hackers later recovered about $28 million.

(Source：Cointelegraph)