Balancer hack: second update
AI summary of the linked articleGnosis describes a set of emergency actions it took after the Balancer hack, with the stated aim of reducing risk and buying time for its DAO to decide next steps. The actions were restricting major bridge outflow limits to stop funds leaving the chain, executing a soft fork to block stolen funds while normal operations resumed, and then removing the outflow limits to reopen the bridges. Gnosis says it will share its learnings and put the decision on whether to execute a hard fork to a DAO vote, and it also plans to propose principles guiding how chain infrastructure should react in future challenges. The post thanks the teams at Balancer, StakeWise, Monerium, Nethermind, Erigon, validators, and Gnosis Chain core developers. |
1 comment mishaSubmitter Personally I’m also affected by the hack. I had some pocket money in one of the v2 Balancer pools. Nothing big but still not nice. Anyway I was well aware there’s always risk involved in DeFi. I hope Gnosis considers developing mechanisms to act quickly in case of future hacks. If this tech should serve “ordinary people” it should really become safer. |