Balancer hack: Update
AI summary of the linked articleGnosis Chain's validators adopted a soft fork that freezes funds stolen in the Balancer exploit, which drained roughly $128M across multiple chains, including about $9.4M on Gnosis Chain. Monerium froze the compromised EURe balances, and a similar measure was explored with Stakewise for osGNO, together protecting over €3M. The soft fork, which uses a client that refuses to attest to blocks moving the hacker's balances, was implemented after over 50% of validators voted in favor, and redistributing the funds will require a future hard fork. |
1 comment mishaSubmitter In our view, a hack of this magnitude warrants community coordination and a validator vote. The process had to be handled with utmost discretion to avoid alerting the attacker but, with over 50% of validators in favor of a soft fork, this has now been implemented. While the stolen funds are now frozen and cannot be accessed by the hacker, redistributing them to their rightful owners will require a hard fork in the future. This can be included in a regular scheduled network update and will be communicated publicly ahead of time. |