Balancer Outlines Reimbursement Plan Following $128M Exploit
Balancer plans to return approximately $8 million in rescued assets to liquidity providers after a major exploit drained over $128 million from its V2 pools. About $28 million was recovered via whitehat interventions, internal rescues, and third-party actions, but this framework covers only the $8 million directly recovered by whitehats and Balancer teams. Remaining funds, mostly related to StakeWise, will be distributed separately to its users. Each affected pool’s recovered assets will be reimbursed proportionally to liquidity providers of that specific pool, based on balances at snapshot blocks before the exploit, avoiding socialized losses across all users. Whitehat rescuers will receive a 10% bounty, capped at $1 million per operation, after meeting identity and compliance requirements. Internal rescues coordinated with Certora do not qualify for external bounties. Claimants must provide digital consent to terms releasing Balancer and affiliates from liability, and have 180 days to claim; unclaimed assets become dormant and may be reassigned via future governance.
