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Today in crypto: The Balancer community has proposed a plan to distribute funds recovered from the protocol’s recent hack. South Korea’s largest exchange, Upbit, halted deposits and withdrawals after detecting about $36 million in unauthorized transfers from a Solana hot wallet. Meanwhile, BitMine chair Tom Lee appears to have quietly stepped back from his $250,000 year-end Bitcoin prediction.
Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the protocol’s $116 million November exploit.
About $28 million from the $116 million heist was recovered by white hat hackers, internal rescuers, and StakeWise — an Ether liquid staking platform.
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