Balancer Community Proposal to Develop a Plan for Allocating Recovered Funds from the Hack Incident

BlockBeats News, November 28th, according to Cointelegraph, two members of the Balancer protocol community submitted a proposal on Thursday outlining a portion of the fund recovery plan from the $116 million attack on the protocol in November.

In this $116 million theft incident, approximately $28 million has already been recovered by white-hat hackers, internal rescue personnel, and the Ethereum staking platform StakeWise.

However, the proposal only involves the $8 million recovered by white-hat hackers and the internal rescue team, while the nearly $20 million recovered by StakeWise will be separately distributed to its users.